On August 13, SZSE and China Merchants Bank Co., Ltd. (“CMB”) signed a strategic cooperation agreement. The two had a meeting and discussed deepening the integration between commercial banks and the capital market, strengthening the capacity of finance to serve the real economy, fulfilling the task of ensuring stability on six fronts and maintaining security in six areas, better serving the building of the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics, etc. SZSE Party Secretary and Chairman Wang Jianjun, SZSE Deputy Party Secretary and General Manager Sha Yan, CMB Party Secretary and President Tian Huiyu, etc. attended the signing ceremony and the meeting.
In recent years, CMB has deepened strategic transformation. Focusing on the goal of building itself into a “light bank”, CMB has given full play to its fintech strength to accelerate digital development, improve residents’ wealth management capability, and increase support to private companies and micro, small and medium-sized businesses. It has also reduced enterprises’ financing costs, provided targeted financial support, and served enterprises in work and production resumption. CMB has achieved dynamic balanced development in “asset quality, business performance and asset size”.
SZSE has always been sticking to serving national strategies and economic and social development, conscientiously carried out the principles of “building systems, no intervention, and zero tolerance”, and steadily advanced the deepening the reform of the capital market on all sides. Currently, SZSE is fully ensuring the steady implementation of the reform of the ChiNext Board and the pilot project of the registration-based IPO system according to the work requirements of being “open-minded, transparent, honest and strict”, and striving to create an expectable and stable environment for development of enterprises, truly enhance their sense of gain from the reform, better support the development of innovative tech firms, and serve the transformation and upgrading of traditional enterprises.
SZSE and CMB, with common development goals and broad cooperation space, have long maintained close communication and cooperation. The two have jointly launched the “Growth Roadmap Program 2.0 for Small and Medium-sized Technological Enterprises”, organized a series of activities themed “SZSE’s Open House Program” for enterprises, and provided roadshow services to over 100 startups and innovative enterprises via SZSE’s V-Next platform.
The two parties will, building on the strategic cooperation agreement, further establish a regular communication and cooperation mechanism in the fields of listing cultivation, direct financing, fixed income products, technology empowerment, information sharing, etc., continue to deepen financial supply-side structural reform, give full play to the resource allocation function and the roles of financial resources, and accelerate the integration into the new development pattern featuring “domestic economic circulation and dual economic circulation”. The two will jointly build a comprehensive, efficient market cultivation service system, facilitate translation between savings fund and innovation capital, build a whole-chain service model for enterprises, and better serve innovative tech firms, private companies and growing enterprises. They will, making use of technological innovation, promote high-quality economic development of the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics, and provide higher-quality and more efficient financial services to ensure stability on six fronts and maintaining security in six areas.
