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On August 10, 2017, Shenzhen Stock Exchange (hereinafter as “SZSE”) signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. (hereinafter as “SPDB”) in Shenzhen to push forward a deep integration between finance and technology. Present at the signing ceremony were Wang Jianjun, general manager of SZSE, Zhang Ying, vice chairman of SZSE, Gao Guofu, chairman of the board of SPDB and Cui Bingwen, vice president of SPDB.
As per the agreement, both parties shall collaborate domestically and overseas to serve small and medium sized technological companies, share information, connect platforms, promote product innovation and provide cross-border services. First, both sides shall accelerate cooperation in the capital market by training and nurturing in reserve some enterprises for listing, providing convenience for the financing of enterprises and expanding and diversifying the financing channels. Second, both sides shall jointly promote mechanism and institutional reform such as pushing forward the innovative mechanism to combine equity investment and bank financing (“Toudai Liandong”) for technological enterprises. Third, they shall strengthen forward-looking researches on the capital market, jointly establish a data base and a mechanism for special researches, and promote “mass innovation and entrepreneurship” by providing actual services and support.
SZSE has always deemed it its mission to support the development of SMEs and technological companies. Via the “Technological SMEs Road Map 2.0”, SZSE has been pushing forward the deep integration between capital and technology and endeavoring to build an efficient, transparent and innovative capital center.
As a national joint-stock commercial bank, SPDB attaches much emphasis to serve technological companies in a professional manner, provide differentiated financial-technological services, and support the development of the real economy by means of system construction, resources allocation, and product innovation.
Next, both sides shall, according to the strategic cooperation agreement, jointly push forward the construction of the technology-finance information service platform, improve the efficiency of the integration between technological and financial resources, and all-sided, and diversified one-stop services in an efficient way for financing of technological and financial companies in different stages.
