On October 23, SZSE and China SME Development Fund Co., Ltd. (“China SME Development Fund”) signed a framework agreement on strategic cooperation. The two parties had in-depth discussions on implementing the national innovation-driven development strategy, boosting the development of innovative technology companies, private companies and growth enterprises, and giving better play to the role of the capital market in serving the real economy. SZSE Chairman Wang Jianjun, SZSE General Manger Sha Yan, Chairman of China SME Development Fund Ma Xianghui and others attended relevant activities.
China SME Development Fund is a corporate fund of funds initiated by 15 shareholder units in June 2020 under the guidance and support of the Ministry of Industry and Information Technology of the People’s Republic of China and the Ministry of Finance of the People’s Republic of China in accordance with the requirements of the Law of the People’s Republic of China on Promotion of Small and Medium-sized Enterprises to conscientiously implement the Guidance on Promoting Healthy Development of Small and Medium-sized Enterprises and the guiding principles of relevant meetings of the State Council. With the objective of facilitating the development of SMEs, China SME Development Fund expands equity investments in SMEs through market-based means, provides diversified financing services to SMEs, fully maintains the stability of the industrial chain, and serves the development of the real economy. So far, China SME Development Fund has set up four direct investment sub-fund entities, five of its invested enterprises are listed on SZSE.
Centering on serving the real economy and national strategies, SZSE has always been exploring services for growth enterprises, innovative enterprises and startups, expanding financing channels for private companies and supporting the development of SMEs. In this process, SZSE has launched the SME Board, successfully founded the ChiNext Board, first established the V-Next platform and implemented the reform of the ChiNext Board and the pilot project of the registration-based IPO system. SZSE has constantly diversified the financing product system, refined the local service system, actively cultivated a full-lifecycle investment and financing system, and striven to build an innovation capital formation ecosystem. In serving technology companies, private companies sand SMEs, SZSE has accumulated rich experience and made remarkable achievements, becoming a model of SME market construction in developing countries.
According to the agreement, SZSE and China SME Development Fund will establish an all-round, multi-level strategic cooperation relationship, give full play to each other’s advantages, enhance collaborative services, strengthen information communication, publicity and promotion, and deepen cooperation in listing cultivation of quality enterprises and investment and financing roadshows and connecting events. The two parties will also work together to build a comprehensive financing service mechanism for SMEs and improve the breadth and depth of services for SMEs to assist them in accessing financing conveniently and efficiently and realizing sustainable and healthy development.
