On September 2, General Secretary Xi Jinping announced at the Global Trade in Services Summit of the 2021 China International Fair for Trade in Services (CIFTIS) that China will continue to support the innovation-driven development of small- and medium-sized enterprises (SMEs) by deepening the reform of the National Equities Exchange and Quotations (NEEQ) and setting up Beijing Stock Exchange as the primary platform serving innovation-oriented SMEs. China Securities Regulatory Commission (CSRC) further clarified the significance, overall objectives, main strategies and implementation principles of deepening the NEEQ reform and establishing Beijing Stock Exchange, and solicited public opinions on basic institutional arrangements today. By earnestly studying and understanding General Secretary Xi Jinping’s important remarks and the relevant requirements of the CSRC Party Committee, the SZSE Party Committee deeply realized that the deepening of the NEEQ reform and the establishment of Beijing Stock Exchange are major decisions and arrangements made by the CPC Central Committee to implement the national strategy of innovation-driven development and to continuously foster new drivers of growth. They are also an important part of deepening the financial supply-side structural reform and improving the multi-tiered capital market system, which is of great significance to give better play to the function of capital markets, to promote the integration of technology and capital, and to support the innovation-driven development of SMEs.
Resolutely upholding CPC Central Committee’s decisions and arrangements, SZSE extends warm congratulations on the establishment of Beijing Stock Exchange and will fully support its construction and development. For a long time, SZSE and the NEEQ have maintained sound cooperation and actively supported the Agency Share Transfer System and the development of the NEEQ market by providing R&D and operation and maintenance services for communication systems such as trading, market quotation and settlement. Since the establishment of the NEEQ, SZSE has continued to bolster support for technology, capital and personnel. The two sides have conducted in-depth cooperation with the goal of mutual learning in the fields of market construction, technical support, cultivation services and investor education, which has yielded positive results. Next, SZSE will thoroughly implement the requirements of General Secretary Xi Jinping’s important remarks. Under the leadership of the CSRC Party Committee, SZSE will fully cooperate with the CSRC on the implementation of reforms, strengthen experience sharing in the reform to introduce the registration-based IPO system, front-line regulation, and serving SMEs, and work as a whole to build an ecosystem that supports the innovation-driven development of SMEs, thereby making contributions to building a standardized, transparent, open, dynamic and resilient capital market and better serving the high-quality development of the economy.