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At the end of April 2017, Shenzhen Stock Exchange (SZSE) has respectively worked with Bank of China Phnom Penh Branch and Haitong International (India) to held roadshow events on China’s capital and overseas local characteristic enterprises respectively in Cambodia and India, extending the capital service platform to countries sitting along the route of the “Belt and Road” Initiative. In recent years, SZSE has been an important basic platform enabling the capital market to support real economy and serve national strategies. By closely centering on enterprises’ needs of cross-border development, investment and financing, SZSE has extended its characteristic service chains and played its advantages in profession, service and technologies to build a cross-border capital service system and energetically participate in construction of the “Belt and Road” Initiative.
First, SZSE plays its function of capital platform to explore innovation in cross-border financial products. Through supporting listed companies in developing key projects on the “Belt and Road” Initiative via capital market, SZSE has achieved the cross-border industrial integration of enterprises’ industrial chains. By the end of 2016, among the 1,870 companies listed on SZSE, 284 units have participated in the “Belt and Road” construction through various forms and approaches, delivering over 90-billion-yuan product export and around 150-billion-yuan engineering construction. For example, the smarty city project by ZTE has been implemented in more than 140 cities across over 40 countries, becoming a crucial carrier of the “Information Silk Road”. Sino Great Wall, through the “Belt and Road” project contracting, has driven the export of domestic building materials and created quality brands of Chinese construction. XCMG has invested USD150 million to build factories in India to support Indian local engineering construction. In addition, SZSE has enriched its innovation in bond varieties and launched the pilot of RMB-dominated bond issuance by overseas companies (called “Panda Bonds”), with two overseas companies having accumulatively issued four panda bonds and the issuance volume totaling five billion yuan.
Second, SZSE constructs a comprehensive cross-border capital service platform to create cross-border financial service ecology. Based on the “Technology SMEs Growth Roadmap Plan 2.0” jointly imitated with the Torch High Technology Industry Development Center and Ministry of Science and Technology of China, SZSE has constructed cross-border capital service platform in Cambodia and India and held characteristic roadshow events. Through offline matchmaking and online roadshow, SZSE has facilitated the matchmaking between cross-border investment and financing projects, helping cross-border capital formation. Moreover, SZSE has signed strategic cooperation agreements with Bank of China and China Construction Bank to create new models interlinking capital market and bank financing, achieve information sharing and provide custom financing services at different growth stages to enterprises going-out. Besides, SZSE has earnestly promoted Shenzhen market and held promotion events in the past two years to 26 state and region governments and financial institutions covering the region of the “Belt and Road” and its extension, which enlarges the international influence. Also, SZSE has developed in-depth cooperation with intermediaries and held three rounds of overseas M&A workshop, letting listed companies and institutional investors to connect with Israeli innovative enterprises and funds.
Third, SZSE intensifies its international communication, promotes its experience in Shenzhen market and develops equity cooperation. Specifically, SZSE has signed MOUs with the bourses of 12 countries and regions along the route of the “Belt and Road” and provided systematic capital market training courses to the bourses of seven countries and regions along the route. Also, SZSE has actively involved in affairs of international organizations such as World Federation of Exchanges and Asian and Oceanian Stock Exchanges Federation, released special reports to share SME financing experience, and acquired 40% equity stake in f Pakistan Stock Exchange jointly with Shanghai Stock Exchange and China Financial Futures Exchange, laying solid foundation for further expanding the capital market cooperation with countries along the route of the “Belt and Road”.
Next, SZSE will continue to move forward the bi-directional opening-up of market, cooperate with countries along the route of the “Belt and Road” in the fields of index service, product development, business connection and market construction, and explore the interconnection of products and businesses with the bourses along the route. SZSE will energetically facilitate the construction of cross-border capital service platform, share resource channels with domestic and overseas institutions, and construct cooperation network to constantly amplify the penetration and influence of the service platform. Besides, SZSE will fully make use of the Qianhai advantage to undertake the “bringing-in” overseas resources to create the comprehensive service ecology of “Belt and Road” cross-border investment and financing. Furthermore, SZSE will deepen international cooperation to earnestly participate in the financial infrastructure construction of countries along the route while strengthening the trading technology service and cooperation with overseas bourses to promote the joint construction of financial infrastructure with South Asian and Southeast Asian regions. Therefore, through all these efforts and moves, SZSE will constantly improve its international influence to drive the international of SZSE members with the international of SZSE itself and enhance the overall opening-up level of all industries.
