The morning of January 10 witnessed the commission ceremony of the Listing Cultivation Base for Zhongguancun Innovative Start-ups (hereinafter referred to as “the Base”), which was jointly held by Shenzhen Stock Exchange (SZSE), Beijing Municipal Bureau of Financial Work, Zhongguancun Administrative Committee, Government of Haidian District and Zhongguancun Equity Trading Services Group. At the ceremony, SZSE also launched SZSE Z Non-SOE 60 Index and inaugurated together with Torch Center of Ministry of Science and Technology the Zhongguancun Sci-tech Financial Roadshow Center. Sui Zhenjiang, Deputy Mayor of Beijing, and Wu Lijun, Chairman of the Board of Directors of SZSE, attended and addressed the commission ceremony.
Co-built by aforesaid five parties, namely, Shenzhen Stock Exchange (SZSE), Beijing Municipal Bureau of Financial Work, Zhongguancun Administrative Committee, Government of Haidian District and Zhongguancun Equity Trading Services Group, the Base is designed to assemble all powers to facilitate the full connection between Zhongguancun innovative start-ups and capital market so as to build a comprehensive capital market service platform that is based in Beijing and radiates the surrounding area. This is an important move of SZSE to work with interested parties to intensify the supply-side structural reform in financial field and enhance the service function of capital market to the real economy, innovation and entrepreneurship.
Commission of the Base is the first time that SZSE provides localized financial services to enterprises in the area through the form of joint construction, which will further improve the service capacity and level of Zhongguancun base. While closely centering on Beijing municipality’s strategic needs of stepping up the construction of a national science and technology innovation center and building an advanced and sophisticated economic structure, SZSE will fully play its roles of base market cultivation, communication, information research, exhibition to the outside, remote exchanges and radiation to the surroundings. Through this move, SZSE will built with other parties a joint cultivation mechanism for key enterprises and make financing instrument innovation in the fields of supporting enterprise listing, M&A and restructuring, international development and the R&D of key technologies. The comprehensive investment and financing service system for Zhongguancun start-ups will be further improved via batches of leading enterprises cultivated through the Base.
Deputy Mayor Sui said that SZSE has become one of the most dynamic platforms for capital market by closely following the front of China’s reform and opening-up. With the strong support of SZSE, the “Zhongguancun board” in capital market has been scaling up and growing more competitive. Currently, there are 282 listed A-share companies in Beijing, 201 of which are at Zhongguancun and 161 are listed on SZSE. Out of the 161 SZSE-listed, 144 are at Zhongguancun. In addition, 97 listed companies of Zhongguancun are included in the underlying stocks of Shenzhen Stock Connect. Zhongguancun base is the first listing cultivation base that SZSE sets up in areas outside of Shenzhen and a crucial exploration of strengthening the supply-side structural reform in financial sector. Zhongguancun Sci-tech Financial Roadshow Center is also a crucial roadshow center built in Zhongguancun by SZSE and Torch Center of Ministry of Science and Technology. Centering on how to further make the Base to play its roles and better drive the construction of a multi-layer capital market in Beijing, Deputy Mayor Sui offered three opinions. First, to build the Base into a brand service window compatible with the construction of a national science and technology innovation center to let it play a leading and exemplary role in the country. Second, to grow the Base into an important platform connecting all sorts of financial service resources to provide all-chain services to technical enterprises. Third, to make the Base as an essential channel for making and promoting policies to further play the important function of experimental field for Zhongguancun reforms.
SZSE Chairman Wu expressed that SZSE has always been committed to constructing a multi-layer capital market and taken supporting self-innovation and serving SMEs as its mission. The multi-layer capital market of SZSE market has become a gathering place of new economy enterprises in China and an engine for innovation and entrepreneurship. As of 31 December 2016, there are 1,870 SZSE-listed companies, 92% of which are state high-tech enterprises and over 70% of which are in strategic emerging industries and with their R&D input averaging 5.35%. In the process, SZSE has kept a long-term close cooperative relationship with Zhongguancun, from which 144 companies are listed on SZSE and 86 out of these 144 companies are listed on ChiNext Board. Across China, Zhongguancun is an area featuring the most ChiNext Board-listed enterprises, which has helped form a characteristic Zhongguancun Board. Constructing Zhongguancun base is a new exploration of SZSE to constantly extend the service chain for innovation and entrepreneurship and integrate relevant service resources, as well as deepen the capital market’s function of serving the real economy. Relying on Zhongguancun base and stressing the support to innovation and entrepreneurship, SZSE will play the roles of base market cultivation, communication, information research, exhibition to the outside, remote exchanges and radiation to the surroundings and establish a comprehensive service platform that is based in Beijing and radiates the surrounding area, therefore, providing market players with integrated, professional and localized services.
Commission of the Base and inauguration of Zhongguancun Sci-tech Financial Roadshow Center will further enhance the service capacity of Zhongguancun base, improve the comprehensive investment and financing service system for Zhongguancun start-ups and accelerate the construction of an advanced and sophisticated economic structure, which then will constantly bring the construction of a national science and technology innovation center and a state sci-tech financial innovation center to a new level.
