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SZSE and Xinhua News Deepen Cooperation to Jointly Launch the Global Index System Program

Date: 2019-11-25

On November 22, Shenzhen Stock Exchange (SZSE) and Xinhua News Agency (Xinhua News) jointly launched the global index system program to better serve the national strategies in all respects and the development of the real economy, and join hands to form a law-based, transparent, open, dynamic and resilient capital market. Responsible persons of both sides attended the meeting, exchanged ideas on news publicity, information researches, business collaboration, talent cultivation, etc., and further improved the long-term cooperation mechanism.

 

The active participation and strong support of the mass media are indispensable to the reform and building of the capital market and the development of SZSE. By holding media forums, training classes, “A Closer Look at SZSE” and other activities, SZSE has continued to promote its regular communication mechanism with major media, enhance mutual understanding, reach consensus on development, and make concerted efforts, in a bid to build a transparent exchange. Xinhua News and its media are the mainstream and core media for spreading the news concerning the capital market. SZSE and Xinhua News have been continuously deepening cooperation. Leaders of both sides have visited each other and conducted exchanges on a regular basis, obtaining effective results in such aspects as market development and business cooperation and bringing about more opportunities to perfect the cooperation mechanism and enrich the cooperation content.

 

The global index system program, jointly launched by a wholly owned subsidiary of SZSE Shenzhen Securities Information Co., Ltd. and the economic information institution under Xinhua News – China Economic Information Service, is a beneficial attempt for both sides to give play to respective advantages and broaden the scope of cooperation as well as an important step to implement the outline of Guangdong-Hong Kong-Macao Greater Bay Area and the requirements for building the pilot demonstration area of socialism with Chinese characteristics, to develop the new system of open economy which is internationally compatible, and to enhance the right to speak in the international financial sector. Depending on the global resource integration capability of the national media and the strengths in capital market indexing, the two sides shall establish a more open, inclusive, complementary and balanced global index system to further promote the high-level opening of the capital market to meet the demands of cross-border investment and financing of domestic and foreign market participants and to better serve the Belt and Road Initiative.

 

The responsible person of SZSE said that indexes are important strategic resources in the capital market and SZSE has attached great importance thereto. SZSE has strived to build a multi-layered index system with “SZSE Component Index plus Shenzhen 100 Index and ChiNext Price Index” as the core, which is characterized by growth and innovation. SZSE will, with this cooperation as an opportunity and under the leadership of the CSRC, continuously expand its indexes and index product system, advance the international development of the index business in an orderly way, and constantly increase the brand value and international influence of SZSE indexes. It will endeavor to build an overseas fund product group for its indexes, facilitate “Chinese Approach” to global asset allocation, and actively lead domestic and overseas medium- and long-term capital to invest in high-quality assets of SZSE, step up efforts to promote the high-quality development of China’s capital market and support the construction of Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics.

SZSE will, with this cooperation as an opportunity and under the leadership of the CSRC, continuously expand its indexes and index product system, advance the international development of the index business in an orderly way, and constantly increase the brand value and international influence of SZSE indexes. It will endeavor to build an overseas fund product group for its indexes, facilitate “Chinese Approach” to global asset allocation, and actively lead domestic and overseas medium- and long-term capital to invest in high-quality assets of SZSE, step up efforts to promote the high-quality development of China’s capital market and support the construction of Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics.