Li Hui, Deputy General Manager Of Shenzhen Stock Exchange, Insists On Promoting The Quality Of Listed Companies And Building Up The Center Of Innovative Capital.

On December 5th, Li Hui, member and deputy general manager of the Shenzhen stock exchange, attended the 2019 International Forum on finance and economics and delivered a speech. Li Hui said that at present, the Shenzhen stock exchange is conscientiously studying and implementing the spirit of the party in the fourth Plenary Session of the 19th CPC Central Committee. In accordance with the unified arrangement of the CSRC's overall plan for deepening capital market reform, we actively and orderly push ahead with the implementation of various reform tasks.

At the meeting, Li Hui introduced some of the work that the Shenzhen Stock Exchange has been insisting on pushing forward the efforts to improve the quality of listed companies, insisting on building the center of innovative capital formation, persisting in improving the level of market services, and actively and orderly promoting the high level of opening to the outside world.

Li Hui, deputy general manager of Shenzhen Stock Exchange, Gan Jun

Vigorously promoting the quality of listed companies

"Enterprises are the main body of innovation, and listed companies are the cornerstones of capital markets. After 29 years of development, the Shenzhen Stock Exchange has brought together a number of high-quality listed companies, and has built the cornerstone of further stable development of the market, and is strengthening the supervision and service of listed companies from the aspects of capital formation, resource allocation, risk mitigation and so on. Li Hui pointed out.

According to Li Hui, in the work of promoting the quality of listed companies vigorously, the Shenzhen Stock Exchange has mainly done three aspects. First, support the listed companies to be better and stronger. Using multiple capital tools to help direct financing to support listed companies to achieve better development through standardized governance, equity incentives, mergers and acquisitions, refinancing and other means.

Two is to strengthen classified supervision and precise supervision. We should focus on key companies and key areas, support companies that continue to standardize their operations, make use of capital markets to speed up their development, and strictly monitor the problem of frequent chaos.

Three, we must strictly guard the market and smooth the export of the market. We should safeguard the seriousness and authority of the delisting system, purify the market environment, improve the quality of market operation, and promote the formation of a market mechanism for the survival of the fittest.

Strive to create innovative capital formation Center

The Shenzhen stock exchange is committed to building the center for innovative capital formation. After years of efforts, the Shenzhen Stock Exchange has formed a relatively complete ecosystem of service innovation and entrepreneurship, covering the whole cycle of enterprise growth and development.

Li Hui said that the Shenzhen Stock Exchange supports innovative and entrepreneurial enterprises to issue and go public. Currently, there are 2200 listed companies with a total market value of 22 trillion yuan, of which more than 7 of high-tech enterprises account for more than 4 of the strategic emerging industries, and the market development is full of vitality and vitality.

In order to meet the diversified investment and financing needs of the new economic enterprises, the Shenzhen Stock Exchange has continuously increased the supply of innovative products, and provided diversified investment and financing tools, covering a variety of stocks, bonds, indexes, funds, derivatives and so on. At present, the Shanghai and Shenzhen 300ETF options pilot work is proceeding steadily and orderly, and further enriches the Shenzhen market product system.

The Shenzhen Stock Exchange has continued to extend its support for innovation, extending to the forefront and building an innovation capital ecosystem with all sides. The Shenzhen Stock Exchange and the Ministry of science and technology jointly set up an innovation and entrepreneurship investment and financing service platform (V-Next platform) to build a shared, open and transparent investment and financing support system for the transformation of scientific and technological achievements and small and micro enterprises.

Continuously improve market service level

It is worth mentioning that in recent years, the Shenzhen Stock Exchange has continued to improve the market service level by improving the localization service system, customizing personalized special service programs, and innovating new initiatives for professional services.

Li Hui said that with the support of local governments, the Shenzhen Stock Exchange has continuously improved the localization services, and the service system has covered the whole country, serving as an important platform for the development of regional economy.

"We set up a capital market special service plan according to local conditions according to the situation in different areas and different areas." Li Hui said that the Shenzhen Stock Exchange has "Tianfu plan" in Sichuan, and "Indus project" in Zhejiang, and "capital Xingyue project" in Guangdong, which helps to promote the high quality development of local economy.

In addition, the Shenzhen Stock Exchange has launched new initiatives to promote professional services. For example, the Shenzhen Stock Exchange has carried out regular exchanges and training activities for local "financial management offices", organized financial and municipal cadres' customized training, and has held capital market "service week" activities in many provinces and cities this year, continuing to polish service brands.

Actively and orderly promote the high level of opening to the outside world

The Shenzhen stock exchange actively and orderly promotes the high level of opening to the outside world, promotes cross-border financial cooperation in Guangdong, Hong Kong and Macau, and promotes cooperation in the "one belt and one way" financial infrastructure to continuously enhance the international influence of the capital market.

In December 2016, Shenzhen Hong Kong Tong was formally launched to further improve the interconnection mechanism between the mainland and Hongkong. Li Hui said that the Shenzhen Stock Exchange as an opportunity to continue to explore new modes of interconnection and cross-border cooperation, explore and promote cross-border products, cross-border transactions, cross-border supervision and other aspects, and promote the deep cooperation and coordinated development of the Great Bay area.

In January 2017, the Chinese consortium participating in the Shenzhen Stock Exchange joined the Pakistan stock exchange. Last week, the Shenzhen Stock Exchange and the Ba exchange signed a technology export agreement on the transaction and monitoring system upgrading project, opened the first step of China's securities technology system out of the country, and became a new breakthrough in the capital market's "one belt and one road".

Since the beginning of this year, the Shenzhen Stock Exchange has hosted the ASEAN +3 bond market forum, hosted the International Symposium on capital market services for small and medium enterprises, and continuously enhanced international influence.

Li Hui said that the Shenzhen Stock Exchange will host the sixtieth annual meeting of the world exchange Federation (WFE) next year. Through enhancing exchanges and mutual learning, the Shenzhen Stock Exchange will strive to promote the capital market to optimize the basic system, improve market functions and improve operational efficiency in the process of innovation and opening up. (Editor: Wu Yan Ling)