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On 24 April 2020, SZSE Guangxi Service Center was officially opened. SZSE, Guangxi Local Financial Supervision and Administration, Nanning Wuxiang New Area Planning and Construction Administration Committee and Nanning Finance Office signed the Memorandum of Cooperation on Jointly Building the SZSE Guangxi Service Center via video conference. This is an important achievement in implementing the Strategic Cooperation Agreement on Jointly Building Guangxi into a Financial Gateway for Opening-up to ASEAN signed in 2019 between SZSE and Guangxi Zhuang Autonomous Region (GZAR). It is also another important step taken by SZSE to actively participate in the national strategy, serve the real economy, the Belt and Road Initiative and regional high-quality development with the capital market, and strengthen the local service capacity building. Member of the Standing Committee and Standing Vice Chairman of GZAR Qin Rupei, SZSE’s Party Secretary and Chairman Wang Jianjun and SZSE's Deputy Party Secretary and Chairman of Supervisory Board Yang Zhihua attended the opening ceremony and witnessed the signing.
The cooperation among 11 countries around Beibu Bay facilitates the constructive interactions among the eastern, central and western regions of China. Since the 18th CPC National Congress, General Secretary Xi Jinping has given Guangxi "three primary positions", namely, building an international corridor opening to the ASEAN region, creating new strategic anchors for the opening-up and development of the southwest and mid-south regions of China, and forming an important gateway connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. The new mission unleashes the geographical advantages of Guangxi, making it the forefront of China's opening-up to and cooperation with the ASEAN region, and also the hub for promoting the Belt & Road Initiative. Its advantages in opening-up and strategic position are more prominent. In recent years, Guangxi has made great efforts to "strengthen the leading enterprises, supplement the industry chains and gather industrial clusters", and accelerate the development of "major industrial projects with investment of more than CNY 10 billion or production value of more than CNY 10 billion, and new industries and new technologies". It thus sees faster transformation and upgrading, more rapid growth of new growth drivers, a more solid foundation for development and new progress in opening-up.
In 2018, 13 ministries and commissions including the People's Bank of China and the CSRC, issued the Overall Plan on Building Guangxi Zhuang Autonomous Region into a Financial Gateway for Opening-up to ASEAN, clearly proposing to build Guangxi into a center of China for financial operation service, wealth management service, financial information service and financial exchange and training to ASEAN. SZSE fully implements the requirements of the Plan, and maintains close cooperation with Guangxi to actively support its capital market development. The two sides make a series of informative explorations in the cultivation of companies to be listed, services for listed companies, roadshows of venture enterprises, and exchange and training of financial officers. Besides, they enhance the sharing of regulatory information and increase regulatory coordination to improve the quality of listed companies and forestall and defuse major risks in key areas.
SZSE Guangxi Service Center will be positioned as a local service platform to support the development of Guangxi's capital market, and gradually as an important working platform for delivering services to the ASEAN region. First, we will jointly cultivate companies to be listed. We will strengthen cooperation with the government and relevant departments of finance and technology to encourage more outstanding enterprises to get listed. Second, we will carry out investment and financing roadshows domestically and internationally. We will realize the connection between investment and financing at home and abroad through our V-next platform. Third, we will open a service window to ASEAN. We will cooperate with Guangxi to develop relevant projects on ASEAN business and attract more related resource elements to Guangxi. Fourth, we will provide better services related for the fixed-income products. We will provide services on all kinds of bonds, asset securitization and other key products. Fifth, we will improve the quality of listed companies. We will support mergers and acquisitions, improve corporate governance, and jointly make listed companies in Guangxi more excellent and stronger.
Next, SZSE will continue to, in an effort to coordinate the pandemic prevention and control with economic and social development and follow the unified arrangements of the CSRC, steadily carry out the work on SZSE Guangxi Service Center at all fronts with regular COVID-19 pandemic prevention and control measures in place. We will give full play to the advantages of specialization, localization and internationalization and strengthen exchanges and cooperation with local governments, enterprises and institutions. We are aimed to realize the cluster of enterprises, funds, talents and products via the Guangxi Service Center, and jointly create an external ecosystem for the high-quality development of listed companies. To do so, we could build Guangxi into a financial gateway to ASEAN, actively integrate it into the Belt and Road Initiative, and provide better capital market services for Guangxi to achieve the goal of the "three primary positions".
