World Class Exchanges Talk To High Growth Enterprises In Dawan District: How Capital Market Helps New Economy Enterprises "Take Off" And "Gazelle Enterprises" Share Growth Experience

In 2020, under the influence of the epidemic situation, how the global capital market views China, which is the first to enter the "post epidemic era", and how to grasp the opportunity of interconnection with China's capital market, so as to serve China's high-quality new economy enterprises, has become an important topic of global concern.

On November 28, the "Southern finance and Economics International Forum 2020 annual meeting", jointly sponsored by the headquarters of Guangdong, Hong Kong and Macao Bay area of China Central Radio and television and hosted by the 21st century economic report, was held in Guangzhou Poly intercontinental hotel. The theme of the forum was "new pattern, new market, new challenge - global capital choice and breakthrough in the post epidemic era".

The annual meeting of the forum specially set up a special round table dialogue session between major global exchanges and high growth enterprises in Dawan District, which was presided over by Cheng Yonglin, a researcher and professor of Guangdong Institute of international strategy. Yang Xu, chief representative of New York Stock Exchange in China, Xie caihan, chief representative of Beijing Representative Office of Singapore Stock Exchange, Wan Jianqiang, general manager of South Center of Shanghai Stock Exchange, Duan Yu, chief strategic resource officer of Guangzhou Shiyuan Electronic Technology Co., Ltd., Zhang Minya, President of Shenzhen Gaodeng computer Technology Co., Ltd., and hiploos Biotechnology Co., Ltd Dong secretary Wu Hua.

At the round table meeting, representatives of the world's first-class exchanges and high growth enterprises in Dawan District expressed their opinions on the opening up of China's capital market, how exchanges at home and abroad can serve the development of China's new economy enterprises, and how high growth enterprises in Guangdong, Hong Kong and Macao can become bigger and stronger with the help of capital market forces.

In addition, Han Yingjiao, senior vice president of global Listing Service Department of HKEx, who was unable to attend the meeting in person due to the epidemic situation, Edwards, chief representative of China region of London Stock Exchange, and Yu Jiaxiang, chief representative of Tokyo Stock Exchange Beijing office, attended the meeting online by means of video lectures.

The exchange supports the growth of global first-class enterprises in the new economy

Representatives of the world's first-class exchanges praised the opening up of China's capital market and the rapid development of new economy enterprises, and expressed their willingness to play an important role in the growth of China's new economy enterprises and help global investors share the fruits and dividends of China's economic development.

"Shanghai Luntong is a breakthrough mechanism, which allows foreign investors to invest in a-share-based Securities for the first time, and also supports Chinese investors to invest in British stocks in China for the first time." Edwards praised the Shanghai Luntong as a measure of opening up the domestic capital market.

He also said that in recent years, China's economic and financial openness has been rapidly improved by opening up and innovation, providing a broader space for Chinese enterprises to list at home and abroad.

Han Yingjiao also said that as of the end of October this year, more than 120 companies had been listed in Hong Kong, and the scale of fund raised was nearly HK $250 billion. From the perspective of industry segmentation, new economy companies raised more than 70% of the funds raised. In addition, nine Chinese capital stock companies listed in the US have gone to Hong Kong this year to raise HK $130 billion.

In Han Yingjiao's view, these shares are submitted under the new trading rules, and there is an exemption policy in terms of approval, which has a lot of convenience. In the market consultation of Hang Seng Index company, these companies are now included in the category of stock selection of Hang Seng Index and Hang Seng China enterprise index, which also brings them more passive investment funds.

Yang Xu also pointed out that overseas exchanges are very important for the development of China's market. "Since 2020, the total IPO financing amount of US stocks is about 120 billion US dollars. China's financing in the United States has reached about 10%.

In addition to funding, Yang Xu also said: "we graft the best Chinese enterprises to the global investment Road, we find the most growth, very excellent enterprises and business models for global investors. Overall, the operation of overseas exchanges in China is becoming more and more important, and excellent enterprises with growth in China are very welcome."

Xie also pointed out that as the gateway of Asia and the capital market of Southeast Asia, Singapore Exchange has brought obvious benefits to Chinese enterprises.

"When you come to Singapore's capital market, you can not only have access to international capital, but also gain development opportunities in Southeast Asia. Under the belt and road initiative, many enterprises have come to Singapore for listing, not only for financing, but also for hedging. When Singapore Stock Exchange contacted Chinese enterprises, it also found that Chinese enterprises had obvious requirements for international strategic investors, as well as for contacting international investors and international partners, and they also performed better in terms of governance. Welcome Chinese enterprises to Singapore and find their own development space on the international stage. "

In terms of domestic exchanges, Wan Jianqiang introduced the support of Shanghai stock exchange for the development of high growth enterprises in Guangdong, Hong Kong and Macao.

Wan Jianqiang pointed out that in July this year, the Shanghai Stock Exchange launched the science and technology innovation board enterprise cultivation center, and the Guangdong science and technology innovation board enterprise cultivation center was listed in September this year.

"We have made a lot of attempts, including expanding the circle of friends, such as venture capital PE, technology banks, local governments, accounting firms and investment banks, to create an ecology. The construction of the Bay Area's international science and technology innovation center is a very important task. We hope to give full play to our meager strength, give full play to the advantages of the science and technology innovation board in ecological construction, and support the rapid development of high growth companies in the bay area. " Wan said.

In addition to the introduction of service policies by the exchange, an important topic of the round table is how to support the development of new economy enterprises in the bay area and let global investors share the "dividend" in the economic development of the bay area.

Therefore, this round table forum specially invited the representatives of gazelle enterprises in Guangdong, Hong Kong and Macao to participate in the dialogue, so that the global exchanges can understand the development status of new economic enterprises in the bay area and their expectations for the capital market through exchanges.

At the meeting, Zhang Minya talked about his own experience from the development process of the company in Guangdong, Hong Kong and Macao Bay area. He pointed out that Gaodeng technology is a young company. It has been established for three years. Up to now, the scale of transaction authentication has exceeded 80 billion. In the three years of growth, the company's deep feeling is that a large number of core enterprises have set their headquarters in Guangdong, Hong Kong and Macao Provide capacity to Dawan district.

"In this process, we feel that with the disappearance of demographic dividend, more and more core enterprises are facing the moment of improving internal collaborative benefits. Under such an opportunity, we follow the enterprises in Dawan district and constantly explore the national regulatory system and financial and taxation system to better play a synergistic role. The biggest challenge also comes from this. When we follow the Dawan district to the overseas market and provide our own service trade, we also need to bear the responsibility of the transformation from informatization to intelligence. "

Wu Hua also shared his expectations for the capital markets at home and abroad from the development of hapoulos.

"Due to the high-tech enterprises like us, which have large R & D investment, but broad prospects for development, it is expected that early screening and early diagnosis for high-risk and healthy people in the future will not only prolong the life of patients, but also significantly reduce the treatment cost, reduce the economic burden of patients, and effectively save public medical and health resources, so we look forward to the continuous attention and support of capital Hold. At present, the registration system has been implemented in the science and technology innovation board and the growth enterprise market in the domestic capital market, which has opened its arms to enterprises like us with high R & D investment but not yet profitable. We will continue to invest in research and development to provide patients with the highest quality testing products. In the future, with the help of the secondary capital market, we will make the enterprise bigger and stronger, serve more patients and customers, and give back to the society. "