On December 11, Shenzhen Stock Exchange (SZSE) held cross-border promotion activities for “SZSE multiple assets investment opportunities”. To comply with requirements of pandemic prevention and control, the activity was held in the way of combining the roadshow and online interaction, in which representatives of listed companies and more than 50 domestic and overseas institutions were invited to discuss about international cooperation opportunities, reach consensus on cooperation and advance mutual benefits and development.
In recent years, SZSE has continuously propelled opening up, improved institutional environment, enhanced services to foreign investors, and actively conducted communications and cooperation. As a result, its innovative achievements have been widely recognized by foreign institutions and the proportion of shares held by them in SZSE has increased in a steady way. In November this year, the newly-revised administrative measures for qualified foreign institutional investors (QFII) and supporting implementing rules were issued, further expanding the investment range for QFII. As the reform of the ChiNext Board and the pilot project of the registration-based IPO system have been conducted successfully and running smoothly, accompanied by Shenzhen-Hong Kong ETF Connect and several other creative products coming to the fore, the willingness of foreign institutions to invest abroad has been lifting up.
To better meet market needs, the activity focused on the introduction to SZSE’s multiple assets investment targets by themes, based on cross-border roadshow and considering recent opening-up policies and focuses of foreign investment, with a view to familiarizing foreign investors with the mission of the ChiNext Board to serve “innovative, productive and creative enterprises, and conventional industries integrated with new technology, new industry, new business form, and new model”, and with SZSE’s efforts in expanding its product system in recent years. The activity also initiated a comprehensive discussion on further improving opening-up systems and mechanisms and strengthening cross-border investment and financing cooperation. Participating foreign investors noted that, located within both the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration zone for socialism with Chinese characteristics, SZSE has gathered numerous innovation elements and provided a wide range of products which are profitable. They expressed strong willingness to participate in the reform and opening-up process of SZSE and dig out more diversified asset allocation possibilities to achieve mutual benefits and development.
SZSE will, as usual, carry out international communications and cooperation, improve services to foreign investors, draw on international best practice, facilitate the development of policy system consistent with international standards, promote institutional and systemic high-level two-way opening up, enhance the attraction and competitiveness of innovation resources around the world, and build itself into a quality innovation capital center and world-class exchange.
