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On October 16, 2018, the Norway China Business Summit was held in Beijing. SZSE and nHACK, a Nordic Venture Capital firm, signed a strategic cooperation agreement to establish a new mechanism for Sino-Norwegian cross-border investment and financing services. This agreement is a powerful measure taken by SZSE to deeply implement the spirit of the 19th CPC National Congress and actively follow the initiative of "building a new platform for international cooperation and adding new momentum for common development". It is also SZSE's another useful exploration of the cross-border capital service mechanism. King Harald V of Norway and Mr. Gu Shengzu, vice chairman of the Chinese People's Political Consultative Conference (CPPCC), attended the event. Mr. Wang Jianjun, President & CEO of SZSE, and Jon Eivind St?, co-founder of nHACK signed the agreement on behalf of both parties.
The location advantage of Norway is obvious and the Sino-Norwegian cooperation has promising prospects. There is great potential for cooperation in the field of scientific and technological innovation. nHack is a VC accelerator firm specializing in technology innovation resource and capital cooperation services between Nordic countries, like Norway, and China. According to the agreement, the two parties will rely on the SZSE Innovation and Venture Investment and Financing Platform to build a cooperation network through information sharing, roadshow communication and training exchanges etc. In so doing, SZSE will vigorously promote the cross-border financial service innovation for technological enterprises and SMEs and facilitate efficient match-making between technology and finance so as to support and push forward the formation of cross-border capital for China and Nordic countries such as Norway.
Next, SZSE will keep taking the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and acting according to the CSRC deployment to earnestly put in place the requirements on the opening-up of capital market. It will continue to improve the cross-border capital market service system for the Belt and Road and perfect the capital chain by centering around the innovation chain. As a result, it will further reinforce the characteristic positioning of servicing the national innovation-driven development strategy and supporting SME development and spare no efforts in building a world leading innovative capital formation center.
