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On 11 April, 2016 Shenzhen Stock Exchange signed a strategic cooperation agreement in Shenzhen with China Merchants Group. Chairman Wu Lijun and general manager Wang Jianjun of Shenzhen Stock Exchange, and chairman of the board Li Jianhong and general manager Li Xiaopeng of China Merchants Group attended the contract signing ceremony.
According to the agreement, collaboration shall be carried out in several fields. First, both sides shall develop and launch financial products and services in line with the national strategy, “the Belt and Road Initiative”. Second, both sides shall cultivate and support the technological SMEs, and try to explore a new model for financial-industrial integration. Third, both parties shall further develop the fixed-income market and increase the financing instruments by making use of the innovative and advantageous mechanism of the Qianhai and Shekou Free Trade Area. Fourth, both parties shall push forward the construction of the financial services platform in the free trade zone, deepen the cross-border financial cooperation in a all-round way and to promote financial innovation in the area.
Shenzhen Stock Exchange, committed to developing and perfecting a multi-layer capital market system, provides substantial support to innovative SMEs and startups and is dedicated to the reform of the supply side. In recent years, with the internationalization of innovative enterprises and the opening up of the capital market in both directions, Shenzhen Stock Exchange serve to assist in the overseas merger and acquisition by listed companies, embracing the “Belt and Road Initiative” and the strategies of the free trade zone.
China Merchants Group is a state-owned conglomerate based in Hong Kong with its core businesses in the fields of transportation, finance and property. In recent years, China Merchants Group attaches considerable emphasis to innovation and restructuring. It strives to reinforce cooperation between capital and technological resources, and has gained a unique competitive edge in aspects such as industrial-financial integration, industry-city interaction, property rights-internet integration and technological innovation. In the meantime, China Merchants Group quickens its paces in the deployment of overseas ports and industrial parks, heeding the “Belt and Road Initiative” and the strategies of the free trade zone.
Shenzhen Stock Exchange and China Merchants Bank agreed that both sides are highly consistent in the promotion of industrial-financial integration, and the construction of cross-border investment and financing services system. Both sides shall, by taking the opportunity of signing the strategic cooperation agreement, jointly promote financial services that cater to the real economy, facilitate the restructuring and upgrading of the economy and to embrace the development strategies of the state in a broader and higher sense.
