From October 8 to 10, 2019, the 59th General Assembly & Annual Meeting of World Federation of Exchanges (WFE) was held in Singapore. More than 300 people attended the meeting, including responsible persons of hundreds of exchanges and clearing houses around the world and representatives of various circles. As the representative of the undertaker of WFE’s next General Assembly & Annual Meeting in 2020, President & CEO of SZSE Mr. Wang Jianjun attended and addressed the meeting. He said that all the reforms and development of SZSE are in a crucial historic opportunity period, as China is making all efforts to push forward a new round of high-level opening-up, and striving to build the Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics. As an influential organization in finance and securities market in the world, WFE serves as an important platform for its members to share international best practices and promote exchanges and cooperation. Undertaking the WFE’s 60th General Assembly & Annual Meeting in 2020 is a practical measure of SZSE to earnestly implement the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan and the Opinions on Supporting the Building of Shenzhen into the Pilot Demonstration Area of Socialism with Chinese Characteristics, and also a major way to deepen the participation in international financial cooperation and open wider to the outside world.

Founded in 1961 and headquartered in London, WFE is an international industry organization for exchanges and clearing houses worldwide, committed to promoting and ensuring a regulatory environment that is favorable for the functioning and stable development of the capital market. WFE members include more than 250 exchanges and clearing houses worldwide, with 48,000 companies listed on those exchanges. The General Assembly and Annual Meeting of WFE are its most important events of the year and held at the same time. Among them, the General Assembly is the top decision-making meeting of WFE, responsible for the policy making and other matters of WFE. As for the Annual Meeting, in addition to the responsible persons of all members, the representatives of regulators, various industries and academic circle will be invited to exchange views on industry trends and issues of common concern. The Annual Meeting of this year focused on such issues as the ways of exchanges to respond to the changing global market environment, liquidity preference and market segmentation, and the future trend of stock issuance, financing and listing, on which all representatives had in-depth discussions.

In recent years, SZSE and WFE member exchanges have conducted practical cooperation in the development of financial infrastructure, the expansion of connectivity and the improvement of cross-border capital service mechanism, and actively supported and participated in the project study related to the development of SMEs, financial technology innovation and other aspects. Next, SZSE will actively prepare for the WFE Annual Meeting in 2020, deepen the exchanges and cooperation with WFE members, enhance mutual learning of international best practices, strive to hold the meeting with high standards, high quality and high efficiency, continue to contribute to the market development of SMEs and the development of technological systems, strengthen its capacity for serving the real economy, spare no effort to serve the construction of Guangdong-Hong Kong-Macao Greater Bay Area, and endeavor to build a capital market matching with the pilot demonstration area of socialism with Chinese characteristics.