On September 17, Shenzhen Stock Exchange (SZSE) signed a framework agreement on strategic cooperation with Harbin Electric Corporation (HE). The signing of the agreement represents the implementation of the requirements of the keynote speech delivered by General Secretary of the CPC Central Committee Xi Jinping at the symposium on advancing revitalization of northeast China as well as a major measure to step up overall cooperation between Harbin and Shenzhen. SZSE Deputy Party Secretary and President & CEO Wang Jianjun and Deputy Secretary of the Party Committee and General Manager of HE Wu Weizhang attended the symposium and the signing ceremony.

As a pioneer of China’s equipment manufacturing industry, HE has been dedicating itself to the prosperity and development of the industry in China in the past 60 years. It has explored a unique path to success featuring “introduction, digestion, assimilation and re-innovation”, becoming a major contributor to the development of the national electric power.

The signing of the framework agreement on strategic cooperation is a milestone of the practical cooperation between the two sides in the earlier stage as well as another important measure taken by SZSE in response to the strategic deployment to deepen strategic cooperation between central enterprises, assist in the high-quality development of central enterprises and to serve the revitalization of northeast China. According to the agreement, the two parties will strengthen cooperation in such areas as regulating the development of listing platforms, jointly cultivating the resources for companies to be listed, issuing fixed income products, connecting the platforms of industry and finance and carrying out regular special trainings, seek cooperation in broader areas, and bring the cooperation to a higher level.

SZSE, a core institution and an important platform of the capital market, has supported the reform of state-owned enterprises through multiple channels and in an all-round way. In cooperation with 61 central enterprises, it assisted in issuing fixed income products of more than RMB 660 billion, co-developed a series of innovative products such as ETFs for restructuring central enterprises, and helped build better and stronger state-owned enterprises by taking advantage of the capital market, making remarkable achievements in maintaining and increasing the value of state-owned assets, broadening financing channels and promoting mixed ownership reform of state-owned enterprises.

Next, SZSE will continue to enrich products supply, provide door-to-door services and intensify cooperation with others for development while adhering to the requirements of the keynote speech by General Secretary Xi Jinping at the symposium on advancing the revitalization of northeast China, in a bid to contribute to the revitalization of the old industrial base in northeast China and the economic development of high quality in China.