The 8th SME financing forum (2010) kicked off afternoon on Dec. 1. The forum was sponsored jointly by the Ministry of Science and Technology, the Ministry of Industry and Information Technology, Shenzhen People’s Government and the SZSE, focusing on the building of multi-layer capital market and transformation of economic development pattern.
Shang Fulin, the chairman of the CSRC, expressed at the forum that in respect of strengthening the support for small medium sized enterprises, the focus is to push forward the following work: persistently developing the SME board market, positively and steadily developing the ChiNext board market, firmly and orderly pushing the building of OTC market and actively developing the corporate bond market.
He said that after six-year probing and practice, the SME board as the important link of the multi-layer capital market, has shaped its own characteristics in certain aspects. And it shall continue to solidify and develop the SME board, expand the market size, optimize the structure of listed companies, improve the acquisition, merger and restructuring fitting with the characteristics of SMEs and actively promote the growth and expansion of SMEs.
Mr. Shang pointed out that the OTC market is the important part of the multi-layer capital market, conducive to expanding the space for the development of the capital market and deepening the service of the capital market to the non listed SMEs. And he also stressed that the bond market plays the important role in expanding the channels for SME financing and optimizing the financial structure. It shall further optimize the system arrangements for the development of corporate bond market, improve the mechanism for bond issue, enrich the bond varieties, positively support SMEs to use bond market to raise funds, boost the coordinated development of stock market and bond market, on the basis of SME corporate bonds and SME collective bonds.
Other important officials including Liu Xinhua, the vice chairman of the CSRC, Wang Weizhong, the vice minister of the Ministry of Science and Technology, Shenzhen mayor Xu Qin, Shenzhen vice mayor Chen Yingchun, Zhou Zhengqing, the former chairman of the CSRC, experts, representatives of listed companies, sponsoring institutions and other relevant institutions attended the forum.