At the SME Board and SMEs Development Forum of the 9th Hi-tech Fair, Zhang Yujun, general manager of the Shenzhen Stock Exchange, attributed the impressive success of SME board??s growth to five major factors: rapid growth of the national economy, audacious reform of the financing system, rigorous supervision, building of the training service system for SMEs, and reform and opening up of the entire capital market.
Since its founding over three years ago, the SME board has achieved some inceptive fruits, Zhang said. This market currently houses 176 listed companies from all corners of the country, with a total financing volume of 56 billion yuan. It has played a conducive role in promoting self-initiated innovation and industrialization of scientific and technological results among enterprises. Companies listed on the SME board have posted an annual growth of 30% in main business revenue and profit and won wide market recognition in terms of stock investment value.
He further expressed the Shenzhen bourse would step up efforts to develop the SME board in the future by boosting the scale and standard operation level of listed companies, and enhancing financing scale and efficiency. Zhang also laid out the guidelines for future work as tightened supervision, accelerated growth, system innovation, training & services.
