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On 13 November 2018, State Development and Investment Corporation (SDIC) and Shenzhen Stock Exchange (SZSE) signed a strategic cooperation agreement in Shenzhen. This is a significant move for the parties to carry out the guiding principles of the 19th CPC National Congress and boost the deepening of SOE reform. SDIC Chairman Wang Huisheng, SDIC President Shi Hongxiang, SZSE Chairman Wu Lijun, and SZSE President &CEO Wang Jianjun attended the signing ceremony.
SDIC is among the first batch of pilot units for state-owned capital holding company reform and the only investment holding company among the central enterprises. In recent years, SDIC has been following the strategic positioning of "guiding the emerging industries" to constantly expand the layout in such prospective strategic industries and financial service sectors as biological health and advanced manufacturing. As a result, it has gradually explored an effective route to speed up strategic emerging industry development by way of the "direct additional investment" fund business model.
SZSE and SDIC has been keeping close communication and favorable cooperation, with phased achievements delivered in many partnerships. According to the agreement, based on the the parties' existing cooperation, SZSE will further expand its service scope to intensify the strategic partnership with SDIC in such aspects as listing cultivation, M&A restructuring, bond financing, investing-financing match making and product innovation. In so doing, SZSE will give full play to its exchange platform function and innovative capital formation advantage to serve SDIC's layout optimization, reform and innovation and give SDIC a leg up in serving national strategies and supporting technical innovation. By now, SZSE has established connecting and cooperation mechanisms with more than 40 central enterprises and signed strategic partnership agreements with near ten central enterprises.
An SZSE officer said that in recent time, SZSE has been earnestly implementing the spirit of General Secretary Xi Jinping's important speeches and the serial policies of the CPC Central on economic and financial work and acting according to the CSRC deployment. As a result, SZSE has constantly improved the regulatory rule system, prevented and resolved major risks, safeguarded robust market operation, moved forward the work related to market reform and development in an orderly manner, studied the promotion of ChiNext reform, and optimized the mechanism for multi-tiered equity market systems so as to boost the coordinated development of different boards, enhance the quality of listed companies, amplified the efforts on market cultivation service and continuously strengthen the capability of serving the real economy. Through relevant work measures, SZSE has further consolidated interested parties' confidence of working with SZSE, reinforced cooperation foundation, and expanded the room for partnerships. Next, SZSE will firmly deepen reform, expand opening-up and continue to join hands with all interested parties to intensify cooperation, complement each other's advantages and form a resultant force so that it could serve the supply-side structural reform and the innovation-driven development strategy at its best, thus promoting quality economic development.
