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On November 23, 2018, the Shenzhen Stock Exchange (hereinafter referred to as the SZSE) and China Shipbuilding Industry Corporation (hereinafter referred to as CSIC) signed a strategic cooperation agreement in Beijing. The signing of this agreement is an important measure of the two sides conscientiously implementing the 19th CPC National Congress’s resolution on promoting the strategy of military-civilian integrated development and deepening the reform of state-owned enterprises. Hu Wenming, Party Secretary and Chairman of CSIC, and Wu Lijun, Party Secretary and board director of the SZSE, attended the signing ceremony.
CSIC is main force of China's naval equipment research and production, and as well as the world's largest shipbuilding group. It has built a large number of national heavyweights such as aircraft carriers, nuclear submarines and Jiaolong Manned Submersible, making great contribution in promoting the development of national defense and national economic. In recent years, CSIC adheres to and strengthens the Party's leadership, implements the military-civilian integrated development strategy, actively utilizes capital market, deepens the reform of state-owned enterprises. It is committed to building an innovative world’s leading enterprise that based on the military, integrated with civilian industry, equipped with leading technology, and furnished with integration of production and financing. And it has achieved remarkable results.
The SZSE and CSIC have maintained close communication and good cooperation, with many co-operations making progress. The listing of Jiuzhiyang and Harzone, the issuance of Exchangeable Bond of Lepu Medical, etc., are concrete actions of both sides in conscientiously implementing the military-civilian integrated development strategy and deepening the reform in national defense science and technology industry. According to the agreement, on the basis of existing cooperation between the two parties, the SZSE will further expand the scope of services, strengthen strategic cooperation in investment and financing docking, listing cultivation, mergers and acquisitions and refinancing, bonds and asset securitization financing, etc., and give full play to the advantage of the exchange platform function and innovation capital forming center, serving the transformation and upgrading, reform and innovation of CSIC, and helping CSIC to play a greater role in serving the national development strategy and promoting the modernization of national defense.
In the next step, the SZSE will stick to the requirements of the deployment of China Securities Regulatory Commission, adhere to the new development concept, promote works on market reform and development in an orderly manner, optimize market resource allocation, improve market development quality, and enhance the service for technology R & D and technological innovation in core areas, help deepening the reform in the national defense science and technology industry and fully serve the deep development pattern of military-civilian integration.
