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From December 3 to 6, SZSE, together with Hubei Local Financial Supervision and Administration Bureau, China Securities Regulatory Commission (CSRC) Hubei Bureau, etc., jointly held “2019 Hubei Service Week”, giving play to SZSE’s professional advantages to provide precision matchmaking and cultivation services based on local economic development characteristics and industry features. Vice Governor Zhao Haishan of Hubei Province, SZSE President & CEO Wang Jianjun, etc. attended the launch ceremony. Over 900 representatives from municipal governments of Hubei Province, listed companies, companies planning for listing and relevant financial institutions participated in series activities. The Service Week, a specific measure of SZSE to continue to deepen strategic cooperation with Hubei, will further improve the depth and breadth of “localized” services, drive more Hubei enterprises to grow and expand through SZSE platforms, and better serve the high-quality development of the Hubei capital market.
In recent years, Hubei has conscientiously implemented the national strategies of energizing the central region and supporting the development of the Yangtze Economic Belt and so on, and has made significant achievements in the implementation of the “One Core, Two Belts and Three Areas” strategy. Hubei has a lot of technological innovation companies and growth enterprises. Agreeing with SZSE’s positioning of serving innovation and startups, Hubei is an important region for SZSE to plough in depth and serve in the long term. Since it signed a strategic cooperation agreement with Hubei in 2015, SZSE has been constantly improving service capability and increasing investment. In 2018, the two parties jointly built SZSE Hubei Capital Market Base to create a market-oriented, professional, localized comprehensive investment and financing service platform that is established in Hubei and radiates to surrounding regions. So far, 64 A-share listed companies in Hubei are listed on SZSE, accounting for over sixty percent. Their total market capitalization is over CNY500 billion and the cumulative equity financing amount is CNY208.5 billion, of which the financing amount of fixed-income products issued by entities of various types is CNY175.3 billion.
During the “Service Week”, based on the need of Hubei for high-quality economic development, the economic development levels in different cities of Hubei and the characteristics of reserve enterprises, SZSE made precision service plans for cities like Wuhan, Yichang and Xiangyang, and centering on topics like cultivation of companies to be listed, regulation of listed companies, M&A and reconstructuring, fixed-income products, investment and financing matchmaking and development of regional equity market. SZSE held a total of 18 series cultivation sessions including business training, investment and financing roadshows, visits, surveys and seminars, covering nearly 500 enterprises of all types. The Service Week has further simulated the drivers of economic development of Hubei and the vitality of its capital market.
In recent years, SZSE has been actively communicating with cities on their development needs, constantly innovating service models and exploring the establishment of long-acting mechanisms for local cultivation,. Next, SZSE will earnestly follow the overall arrangement of CSRC on deepening the reform of the capital market on all sides, stick to the fundamental mission of the financial industry to serve the real economy, continue to deepen cooperation with local governments, give full play to SZSE’s professional advantages and platform functions, enhance the “Service Week” brand, improve service precision, strive to build a capital market ecology that matches the pilot demonstration area of socialism with Chinese characteristics, and service the high-quality economic development of provinces and cities.
