On June 27, SZSE and China Energy Conservation and Environmental Protection Group (CECEP) signed a strategic cooperation agreement in Beijing. SZSE’s Party Committee Secretary and Chairman Chen Huaping and CECEP’s Party Committee Secretary and Chairman Song Xin attended the signing ceremony and had a discussion on how to give play to the functions of the capital market to better serve the reform of state-owned enterprises (SOEs) and promote the development of green and low-carbon industries.
CECEP is the only central SOE with energy conservation and environmental protection as its main business in China. Committed to saving resources and protecting the environment, CECEP has a complete industrial chain in the fields of energy conservation, emission reduction and ecological protection. Boasting distinctive industrial characteristics, outstanding technical capacity and remarkable comprehensive advantages, CECP is a flagship enterprise that is large, engages in a full range of specialized areas and has enormous comprehensive strength in the Chinese energy conservation and environmental protection circles.
Green and low-carbon industries are one of the three major areas of SZSE. SZSE and CECEP share the same mission and goal in serving green development and implementing the strategy of carbon peak and carbon neutrality. The two parties have maintained a sound cooperation relationship and their previous cooperation has produced fruitful results. Five subsidiaries of CECEP are listed on SZSE. The two parties will, using the signing of the strategic cooperation agreement as an opportunity and focusing on the themes of energy conservation, environmental protection and green and low-carbon development, develop all-round cooperation in cultivating listed companies, improving the quality of listed companies, expanding diversified financing channels, building an industry finance service platform, strengthening discussions and training and promoting international development. Moreover, they will explore the building of the ESG system and response to climate change to further share advantaged resources, complement each other’s advantages, and work together in an aim to serve the high-quality development of green and low-carbon industries well.
SZSE has always been attaching great importance to serving the reform of SOEs and state-owned capital. By fully leveraging the functions of the “Main Board + ChiNext Board” market system, SZSE has put forth efforts to establish a long-term mechanism, expand the depth of cultivation, improve basic policies and regulations, promote quality changes, and deepen matchmaking service. SZSE has supported market entities of all types using the capital market to grow bigger and stronger and actively served the building of a modern industrial system. So far, SZSE has established a strategic cooperation relationship with 32 central SOEs.
Next, SZSE will continue to firmly grasp the general requirements of themed education of “studying guiding principles, strengthening Party consciousness, stressing practice and making new achievements”. We will implement in depth the guiding principles of the 20th CPC National Congress and the Central Economic Working Conference, fully and faithfully apply the new development philosophy on all fronts, and earnestly put in place CSRC’s new round of work arrangements to improve the quality of listed companies. We will highlight the support to China’s building of self-reliance and strength in high-level science and technology, improve capital market functions, and strengthen direct financing capability. We will advance the action plan to serve SOEs in depth, provide close links to and comprehensive services for central SOEs and other SOEs, focus on key areas such as advanced manufacturing, digital economy, green and low carbon development etc., facilitate high-standard circulation of technology, capital and the real economy, so as to actively assist in the layout optimization and structure adjustment of the national economy and better serve high-quality economic development.
