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On September 2, 2019, SZSE and Shaanxi Provincial People’s Government had a discussion centering on the capital market to implement in depth the strategy of innovation-driven development to facilitate the quality development of Shaanxi’s economy, and on carrying out the important instruction of the Catch-up strategy and “Five-solid” requirements proposed by General Secretary Xi Jinping for Shaanxi. A framework agreement for strategic cooperation was also signed. Those who attended the discussion include Secretary of CPC Shaanxi Provincial Committee Hu Heping, Governor Liu Guozhong, Executive Vice Governor Liang Gui and Chairman of SZSE Wu Lijun. On September 3, SZSE and the Financial Bureau of Shaanxi Province jointly launched “Shaanxi Service Week” of the capital market. With the strong support of government departments at all levels in Shaanxi Province, SZSE will spare no efforts to provide various targeted connecting services such as investment and financing roadshows, special training, and corporate visits and research across the province.
Shaanxi enjoys a profound culture, abundant science and education resources, strong innovation strength, and a solid development foundation in energy resources, military, automobile, electronics and other industries. In recent years, Shaanxi has firmly boosted the sustained and sound development of economy, continuously enhanced economic innovation capability and competitiveness, accelerated to construct industrial bases of advanced manufacturing, aviation and high-end energy and chemical industry, and maintained the rapid growth of strategic emerging industries to form a number of distinctive emerging industrial clusters, boasting a good foundation and conditions to connect with the multi-tiered capital market of SZSE.
At present, Shaanxi has 28 companies listed on SZSE, with a total market value of over RMB250 billion, 9 government bonds of RMB39.3 billion accumulatively issued in two batches and RMB32.2-billion fixed-income products issued by 15 companies. SZSE has always actively cooperated with Shaanxi Province to step up efforts to develop capital market and worked with local governments to create a favorable direct financing environment for the sound development of enterprises. With the framework agreement for strategic cooperation as a new start, the two sides will build an “SZSE Shaanxi Service Base” with all strength, join hands to formulate and implement the specific plan of SZSE to serve the development of Shaanxi capital market, jointly hold capital market cultivating and service activities to further increase work efficiency, deepen the cooperation on equity financing, mergers and acquisitions, fixed-income products, state-owned enterprise reform and risk prevention, and fully support the transformation and upgrading of Shaanxi’s economy.
After years of exploration and practice, SZSE has formed a relatively complete ecosphere serving listed companies and distinct advantages in the market system, industry system, information disclosure rules system and service system, tailored service plans according to the economic development characteristics and industrial features of various places, focused on local capital markets cultivation and improved the accuracy of “localization” services. So far, SZSE has carried out strategic cooperation with Guangdong, Zhejiang, Jilin and other provinces. Recently, we held four discussions, 13 training sessions and 30 lectures in the “Service Week” activity covering 600 various corporates in Shandong. SZSE will continue to give play to its function as the capital market platform, actively advance market reforms, continuously innovate in and promote service concepts and modes, carry out “Service Week” activities in more provinces, further enhance market service capability, and strive to build a capital market ecosystem matching with demonstration pilot zones for socialism with Chinese characteristics and to facilitate the high-quality development of economy in provinces, cities and regions.
