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Leveraging Strengths of the Capital Market and Deepening the High-Level Cooperation between China and ASEAN -- SZSE and Bursa Malaysia hold the Webinar on Electronic Industry in China and Malaysia

Date: 2020-04-27

On April 24, SZSE and Bursa Malaysia together with Industry and Information technology of Guangxi and Guangxi Local Financial Supervision and Administration held the Webinar on Electronic Industry in China and Malaysia. This is a start-up project for SZSE to implement the Memorandum of Cooperation signed with relevant government departments of Guangxi on the same day, and one of the specific measures to implement the Memorandum of Understanding on cooperation between SZSE and Bursa Malaysia signed with Bursa Malaysia. It is also a useful exploration for SZSE to leverage its strengths in market, technology and region, support Guangxi to build into a financial gateway towards ASEAN, and take the initiative to serve the stable and healthy development of industrial cooperation between China and ASEAN countries.

 

In recent years, SZSE has continuously expanded the cross-border capital market service chains. We has signed Memorandum of Understanding with exchanges of eight ASEAN countries to meet needs of Sino-ASEAN industrial and economic and trade cooperation. Our services cover more than 50 ASEAN enterprises, and a cross-border capital service network facing ASEAN and radiating the Asia-Pacific region has been formed. The activity closely meets the needs of market players during the pandemic and is a greater innovation for the working mode. Taking the representative industries as the starting point, it provides more in-depth and professional research on matchmaking considering the needs of enterprises and investment institutions in China and Malaysia, and actively makes use of the standardized, transparent, open and sharing V-Next platform of SZSE. Together with the superior resources of relevant units in the border provinces for the first time, it strengthens promotion and channel sharing, and forms the join forces integrating governments, exchanges and market institutions at home and abroad to facilitate Sino-ASEAN capital market cooperation and create a cross-border capital market service ecosystem. At the Webinar, representatives of listed companies in the electronics industry and relevant financial investment institutions from China and Malaysia held in-depth discussions on topics such as coordinated development, joint maintenance of the industrial chain and stability of the supply chain of the electronics industry in two countries under the current pandemic. They strengthened the exchange of information in professional fields, broadened the matchmaking channels of cross-border cooperation and achieved good results.

 

Next, SZSE will continue to, in an effort to coordinate the pandemic prevention and control with economic and social development and in accordance with the unified arrangements of the CSRC, steadily advance the high-level opening-up with regular COVID-19 pandemic prevention and control measures in place. We will deepen practical cooperation with the capital markets of countries and regions along the Belt and Road, including ASEAN, in an orderly manner, and give equal emphasis to "bringing in" and "going global". In addition, we will upgrade and improve the cross-border investment and financing service system, enhance the ability to serve listed companies in cross-border development, and support Chinese-funded financial institutions to expand their international business, in an effort to build SZSE a world-leading innovation capital formation center.

SZSE will continue to, in an effort to coordinate the pandemic prevention and control with economic and social development and in accordance with the unified arrangements of the CSRC, steadily advance the high-level opening-up with regular COVID-19 pandemic prevention and control measures in place.