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SZSE Intensifies Efforts to Develop Anhui Capital Market and Boost High Quality Development of Local Economy

Date: 2019-10-24

On October 21, SZSE, China Securities Regulatory Commission Anhui Bureau (CSRC Anhui Bureau), and Anhui Financial Supervision and Administration Bureau jointly launched the “Anhui Service Week” campaign of the capital market. The campaign will join efforts to provide practical and professional targeted services, with focus on accelerating the transformation of scientific and technological achievements, expanding direct financing channels for enterprises, and encouraging listed companies to become bigger and stronger. It marks the new headway of SZSE in implementing the requirements set forth in the Memorandum of Regulatory Cooperation with the CSRC Anhui Bureau and in intensifying efforts to develop the local capital market. Further, it is a major action taken to serve the national strategy of innovation-driven development and promote the building of a better Anhui Province in five major areas of modernization.

 

In recent years, Anhui has actively leveraged its regional strength and responded to multiple major national strategies such as the integrated development of the Yangtze River Delta and the rise of central China, and continuously explored to take advantage of the multi-tiered capital market to better serve the high-quality development of regional economy. SZSE has always vigorously supported Anhui in strengthening the development of the capital market, and made concerted efforts to foster a direct financing environment for the sound development of enterprises. Up to now, Anhui has 57 SZSE-listed companies with a total market value of more than RMB655.4 billion. As of 30 September 2019, Anhui has issued 29 local government bonds on SZSE raising RMB205,297 million; enterprises have issued 70 corporate bonds raising RMB59,336 million and ABS products worth of RMB3,715 million. The capital market has played a vital role in injecting vitality into the real economy.

 

During the “Service Week” campaign, SZSE will carry out a series of practical and professional training activities in Hefei, Wuhu, Anqing, Chuzhou and other cities where there are plenty of enterprises intending to go public, relying on its advantages in markets, supervision, information, technology, and services. These activities include visits and investigations, investing-financing roadshows, business trainings, investor education, and cross-session communication within the Home of Financial Services, which are tailored to the actual needs of the Anhui capital market and the characteristics of the stand-by enterprises. SZSE aims to direct more outstanding enterprises to the fast lane of development by leveraging the capital market and to further stimulate the vitality of the capital market in Anhui. The campaign will also go into enterprises planning to go public in poverty-stricken areas and give play to its professional strength to fully implement the requirements of serving the national strategy of poverty alleviation with the capital market.

 

Since the beginning of this year, SZSE has successively held the “Service Week” campaign of regional capital market in Chongqing, Shandong, Shaanxi and other places. Targeted service plans tailored to the economic development and industrial characteristics of each place have been formulated. Further, SZSE has continued efforts to innovate the concepts and modes of services, in a bid to enhance market service capability and promote the formation of the ecosystem serving the development of local capital markets. Next, SZSE will earnestly carry out key tasks of the CSRC in deepening the reform of the capital market in an all-round way, adhere to the “Four Awes and One Joint Force” (awe of the market, rule of law, professions, and risks, and joint force for supporting the reform and development of capital market), and continue to give play its function as the platform for the market and strengths in innovative capital formation, make a better “Service week” campaign, and improve the local service level, in an effort to build a capital market service system matching the pilot demonstration areas of socialism with Chinese characteristics and facilitate the high-quality development of local economy.

It marks the new headway of SZSE in implementing the requirements set forth in the Memorandum of Regulatory Cooperation with the CSRC Anhui Bureau and in intensifying efforts to develop the local capital market. Further, it is a major action taken to serve the national strategy of innovation-driven development and promote the building of a better Anhui Province in five major areas of modernization.