On September 3, 2018, Shenzhen Stock Exchange (“SZSE”) and China Electronics Technology Group Corporation (“CETC”) signed a strategic cooperation agreement. This is an important move for both parties to earnestly implement what the CPC 19th National Congress has directed with regard to deepen SOE reform and boost the military-civilian integration development strategy. Deputy Party Secretary, President and CEO Wang Jianjun of SZSE and Party Group Member, Deputy General Manager and Chief Account Li Shouwu of CETC attended the signing ceremony.
A large key military corporate directly administered by the central government, CETC has built numerous national treasure systems such as airborne early warning aircraft and serial radars. It is a crucial cornerstone of the national security system. In recent years, CETC has fully implemented President Xi’s thought on building a strong army and consistently stuck to and consolidated the CPC leadership to vigorously advance SOE reform and carry to great depth the military-civilian integration development strategy. It has served economic and social development through network and information technologies and endeavored to build a world-class innovative leading enterprise to aid the technological power building, making remarkable achievements.
SZSE will comprehensively practice Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era to amplify the support for core field technical R&D, military-civilian integration and state-owned assets and SOE reform so that it will better serve the deepening of national defense technological industry reform and facilitate the formation of an in-depth military-civilian integration development pattern. According to the agreement, SZSE, on the existing cooperation basis, will fully play the advantages of multi-tiered capital market, employ multiple direct financing instruments and customize special service plans of capital market. In addition, SZSE will utilize diverse methods, such as match-making of financing and investing, pre-IPO cultivation, M&A and restructuring and re-financing, bonds and asset securitization financing and fund products, to serve CETC in reform and innovation, quality and efficiency enhancement, and expansion. As as result, SZSE will give a leg up to CETC in opening a new pattern of in-depth military-civilian integration development.
