Recently, Wu Lijun, Board Chairman of SZSE, and his delegation visited Guizhou for investigation, and conducted talks with Zan Yiqin, a member of Standing Committee of Guizhou Provincial Committee and also the Executive Vice Governor of Guizhou Province, and Chen Gang, a member of Standing Committee of Guizhou Provincial Committee and also the secretary of Guiyang Municipal Party Committee. During the investigation Chairman Wu Lijun organized a colloquia among Guizhou companies listed on SZSE and investigated pre-IPO companies in Guiyang High-tech Zone.
Guizhou provincial and municipal leaders introduced the current economic development, transformation and upgrading of Guizhou, looking forward to promote economic and social development of Guizhou with a better leverage of multi-tiered capital market via a further deepened cooperation with SZSE. Chairman Wu Lijun asserted that SZSE had always been paying high attention to support the development of western areas by setting up a special team for business in the west and the West Incentive Fund to reward sponsor institutions of western companies listed on SZSE and encourage them to serve for the west. Located in the southwest and being of unique resource advantage, Guizhou in recent years shows a rapid and stable economic growth with startups and innovative enterprises springing up unceasingly. SZSE accumulates practical experience in serving enterprises, the local and the real economy over the past 25 years, forging a sound market foundation. For the next step, SZSE will seize the optimal chance of capital market reformation and development, rely on the resource allocation capability and innovation guiding function of multi-tiered capital market, and integrate SZSE supporting system into the startup and innovative system of the local, hence deepening the connection with Guizhou province and comprehensively supporting the local economic development of Guizhou.
On the colloquia among Guizhou companies listed on SZSE, representatives of those listed companies made self-introductions and discussed in-depth how to optimize the supervision and service for listed companies.
Chairman Wu Lijun pointed out that Guizhou listed companies generally showed a sound development trend with standardized operation and should further strengthen standardized operation to realize positive return for investors, while SZSE will seriously study those comments and suggestions from listed companies to better serve the real economy through improving its working pertinence and initiative.
Chairman Wu Lijun also reported working agenda of SZSE to those representatives of listed companies attending the colloquia. Recently, capital market reformation and innovation on various aspects is under acceleration. In accordance with the requirements of “New National Nine Positive Stimuli”, SZSE will combine the market context and focus on the perfection of four systems, namely multi-tiered market system, diversified product system, multi-governance self-supervision system and multi-dimensional service system, to comprehensively support the transformation and upgrading of the local economy.
Chairman Wu Lijun noted that SZSE had formulated a multi-tiered market covering main board, SME board and ChiNext board, and the three distinguishing boards complement each other, benefiting a service targeted for enterprises of different types. The main board gathers a host of competitive blue-chip companies with a high market-oriented operation level. For the next step, SZSE will actively guide the large-scale quality enterprises to be listed on the main board and serve for reformation of state-owned enterprises. Enterprises on the SME board are mainly from manufacturing industry and the people’s livelihood industry, which realizes a continuous stable growth on their business performance via constantly transformation and upgrading, embodying their vigor and vitality. For the SME board, the next step is to expand the scale, optimize the industry structure and seek for a continuous development and expansion. The ChiNext board has become the cluster of startups and innovative enterprises and mainly serves for the national self-innovation strategy. As for the ChiNext board, the next step is to focus on improving its inclusiveness and coverage and establishing expert level. For instance, to allow access of those to-be profitable Internet enterprises and scien-tech innovative enterprises to the ChiNext board, to explore the market upgrading and switching mechanism, like the pilot program of switching an enterprise of National Equities Exchange and Quotations and regional equity market into the ChiNext board, and to constantly improve refinancing, merge and acquisition, restructuring and equity incentive system, setting up a decent supporting platform for innovative enterprises to achieve superior growth by utilizing capital market.
