SZSE Party Committee held a meeting on December 23 to conscientiously study and implement the guiding principles of the Central Economic Work Conference and deploy implementation tasks according to the overall economic work requirements and key tasks for the next year and the actual conditions of the exchange.
SZSE Party Committee deeply recognizes that, under the strong leadership of the Central Committee with Comrade Xi Jinping at its core, in the past five years, and for the first ten years of the new era, China’s economy has withstood the impact of unexpected shocks and made a series of remarkable and hard-won achievements. The Central Economic Work Conference is a very important meeting held by the Central Committee following the 20th CPC National Congress. General Secretary Xi Jinping delivered an important speech at the meeting, comprehensively summarizing economic achievements of the year, profoundly analyzing current domestic and international economies, and clearly putting forward key economic tasks for the next year. The strategic, forward-looking and guiding speech fully reflected the firm resolve of the Central Committee to unlock the enthusiasm of the whole society for development and promote high-quality development and provided an important guideline for next year's economic efforts.
SZSE Party Committee is acutely aware that, from a systematic and strategic perspective, this Central Economic Work Conference focused on major issues and key links, seeking to lift market confidence and stabilize growth, and required optimizing the “five policies” and delivered the “six better coordinations”, releasing a strong signal to promote the overall economic improvement. The Central Committee underlined the importance to expand domestic demand, speed up the construction of a modern industrial system, consolidate and develop the public sector and to encourage, support and guide development of the non-public sector, make greater efforts to attract and use foreign investment and effectively forestall and defuse major economic and financial risks. In addition, it further specified the policy orientation of optimizing and adjusting the pandemic prevention and control policies, moving ahead with a steady transition of real estate towards a new development model, energetically developing the digital economy and supporting the development of platform enterprises. This series of important measures have consistently adhered to the underlying principle of pursuing progress while ensuring stability, highlighted the systematic concept of overall coordination, defined the direction of improving social and psychological expectations, and reflected the deep consideration of firmly holding the bottom line for safety. They are a set of highly targeted measures for the economy, and of great significance for rallying consensus, boosting confidence and stimulating vitality.
SZSE Party Committee is deeply aware that, China’s economy has strong resilience, great potential and sufficient vitality, and the fundamental trends toward long-term growth have not changed, and the conditions of resource factors can support it. With the implementation of the guiding principles of the Central Economic Work Conference and the superposition of existing and new policies, various measures have continued to produce effect, which will have a positive effect on economic recovery and development, and accelerate the release of economic vitality. Economy is the body and finance is the blood, both of which coexist for common prosperity. A good economic environment will create an important support for the smooth operation of the capital market and lay a solid foundation for SZSE to deepen reform and expand opening up.
SZSE Party Committee said that, SZSE will effectively align its thinking and action with the Central Committee’s economic trend judgment and economic decisions and plans. Guided by the requirements of the 20th CPC National Congress, SZSE will earnestly carry out the plans made at the Central Economic Work Conference, give top priority to stability, and seek progress while keeping performance stable. From the overall perspective of national strategies, SZSE will put into action the new development philosophy in a complete, accurate and comprehensive way, understand and deliver the “six better coordinations”, work hard to build the world-class exchange featuring the high-quality innovative capital center, and serve the creation of the new development pattern and high-quality development with new look and actions.
First, SZSE will unswervingly serve the real economy, support innovation and help expand domestic demand and stabilize growth. SZSE will continuously deepen supply-side structural reform of finance, place a great emphasis on improving equity financing, proactively develop the bond market, vigorously push forward REIT trials, promote coordination between regulatory services and national policies, and create effective demand through high-quality supply. With the focus on support for sci-tech self-reliance and self-strengthening, SZSE will step up innovation cultivation, better serve innovative blue chip stocks through the Main Board and better bolster growth-oriented innovation and entrepreneurship through the ChiNext Board, increase supply of technological innovation and green corporate bonds and other products, gather pace to build the SZSE Technology and IP Exchange, help build a number of new modern industrial growth engines (such as advanced manufacturing, digital economy, green and low-carbon), and promote a virtuous circle of “sci-tech-industry-finance”.
Second, SZSE will unswervingly deepen reform and expand opening up, and strive to boost development and strengthen confidence. SZSE will further promote the registration-based IPO system, optimize and perfect the re-financing ad M&A reorganization mechanisms, constantly improve the issuance review quality and efficiency, and raise resource allocation efficiency. SZSE will advance the coordinated development of investment and financing, enrich the product system, perfect supporting rules, increase supply of on-exchange equity ETFs and indexes in key fields, and consistently attract medium and long-term funds to market. SZSE will steadily promote high-quality opening up, continuously optimize the Shenzhen-Hong Kong Stock Connect mechanism, explore a new model of cross-border connection, put in place a bond platform in the Greater Bay Area, enhance cooperation in the capital market along the “Belt and Road”, support domestic enterprises to make good use of “two markets and two kinds of resources”, and cater to the diverse investment needs of overseas investors.
Third, SZSE will remain committed to improving the quality of listed companies and concentrate efforts on stricter supervision and better service. SZSE will give full play to an important engine role of listed companies in driving the economic development, carry out a new round of action plans to improve the quality of listed companies, and facilitate the formation of a group of listed companies that reflect the high-quality development requirements. SZSE will work unswervingly both to consolidate and develop the public sector and to encourage, support and guide development of the non-public sector. SZSE will treat state-owned and private enterprises equally, help state-owned enterprises to sharpen their competitive edges, support private enterprises to develop and expand, and promote the standard and healthy development of platform enterprises. SZSE will carry out the policy of “system building, non-intervention, and zero tolerance”, crack down on violations of laws and regulations, maintain the “open, fair and impartial” market order, and create a sound market ecosystem.
Fourth, SZSE will commit itself to reinforcing its line of defense to maintain safety and do its utmost to prevent risks and stabilize operation. SZSE will proactively support the steady development of the real estate market, accelerate the implementation of various supporting policies and measures for the capital market in the exchange market, and meet the reasonable financing needs in the industry. SZSE will perfect the risk prevention, warning, disposal and accountability system, strengthen the monitoring and analysis of and overall response to cross-market, cross-border and cross-sector risks, ramp up risk prevention and control efforts in key areas such as stock market operation and bond default, and ensure no occurrence of systemic risks.
SZSE Party Committee stresses that, guided by President Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era, SZSE should unswervingly uphold and strengthen the Party’s overall leadership over its work, and deeply understand the decisive significance of the establishment of both Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. SZSE should enhance consciousness of the need to maintain political integrity, think in big-picture terms, follow the leadership core and keep in alignment with the central Party leadership, have confidence in our chosen path, our guiding theories, our political system and our culture, and uphold General Secretary Xi Jinping’s core position on the CPC Central Committee and in the Party as a whole and the Central Committee’s authority and its centralized, unified leadership. With the awareness of responsibility of “being deeply concerned at all times”, SZSE will work vigorously and solidly to pursue innovation, unswervingly take the modern exchange development path with Chinese characteristics, and actively contribute to the good start of building a modern socialist country in all respects.
