On May 9, SZSE and China Energy Investment Corporation Co., Ltd. (hereinafter referred to as the China Energy) held a discussion on deepening cooperation and signed a strategic cooperation agreement. The two sides will promote the implementation of a series of work measures in enhancing the ability of finance to serve the real economy, deepening SOE reform and development, and serving national energy development strategies.

As a pilot enterprise for the reform of companies financed with state-owned capital, China Energy was established through the merger of China Guodian Corporation and Shenhua Group in November 2017. It is the first centrally-administered SOE restructured after the 19th CPC National Congress, which marks that the reform of mixed ownership has entered a substantive stage in the electric power industry. Since the restructuring, China Energy is committed to implementing the decisions and plans made by the CPC Central Committee and the State Council, promoting integrated operation, improving development path, providing clean energy, ensuring energy supply, and striving to build itself into a world-class energy conglomerate with global competitiveness.

SZSE has always implemented the requirements on new development concepts, and has maintained close communication and good cooperation with China Energy. Since the two sides achieved high-level communication in last November, they have solidly pushed forward the implementation of agreed matters. By signing the agreement to deepen the cooperation between the two parties, SZSE will continue to give play to the advantages of platform functions and innovation capital formation of the multi-tiered capital market on the basis of the existing work. The goal is to deepen the cooperation in fields such as investing and financing match-making, pre-IPO cultivation, M&A and restructuring, re-financing, fixed income, research and training, serve China Energy to use the capital market to become bigger and stronger, improve the efficiency of the allocation and operation of state-owned capital, and build a market-oriented specialized state-owned capital investment platform.

In recent years, under the CSRC leadership, SZSE actively serves the overall development strategy of the country, strives to improve direct financing capabilities, continuously deepens market reforms, comprehensively optimizes the market cultivation service system, and gives full play to the role of the capital market in serving the real economy. At present, SZSE has been working with more than 50 central SOEs to carry out in-depth diversified services and signed strategic cooperation agreements with more than 10 of them. We have made positive progress in such aspects as promoting the reform, innovation, transformation and upgrading, integration of industry and finance, and diversified financing of state-owned capital and SOEs.