On May 18, 2019, Shenzhen Stock Exchange (SZSE) and the Beijing Haidian District People's Government (hereinafter referred to as Haidian District) held a discussion and exchange on the capital market's serving the high-quality development of Haidian District's economy and the promotion of building the core area of the National Science and Technology Innovation Center. The two sides signed a strategic cooperation framework agreement.
Haidian District is the core area of the National Science and Technology Innovation Center. It actively promotes economic and social development based on its functions as the starting point for scientific and technological innovation, the place of origin for original innovation and the main front for independent innovation. The District Party Committee and the District Government have long focused on optimizing the business environment, developing high-end technological industries, transforming growth momentum, and deepening the implementation of the "Two New and Two High" strategy. As a result, Haidian District has brought together a large number of high-tech enterprises with good foundations, high quality and rapid development. At present, there are more than 10,000 national high-tech enterprises in Haidian District. The total market value of its 89 SZSE-listed companies is CNY840 billion. Its enterprises have issued 62 bonds and 7 asset securitization products on SZSE, with a total scale of CNY53.9 billion.
SZSE and Haidian District have long maintained close cooperation. As one of the joint builders of the SZSE Zhongguancun Base, Haidian District has been supporting SZSE's "localization" service. The two sides have jointly carried out various forms of market cultivation and promotion activities, and carried out extensive exploration and active attempts in building a technological innovation ecosystem and serving the listing development of tech enterprises. Since the operation of the SZSE Zhongguancun Base in 2015, more than 20 companies have been jointly cultivated and successfully listed on SZSE. Besides, more than 10 special roadshows of the Haidian Park in the Zhongguancun Technology Park have been held and nearly 200 companies have been supported in their financing during start-up.
In recent years, SZSE has continued to increase cooperation with local governments, and deepen the cultivation of local capital markets. Besides, it has continued to develop service plans based on local economic development characteristics and industrial characteristics, improve the precision of localized services, and support the locals in using capital markets to promote supply-side structural reforms and achieve transformation, upgrading and high-quality development of regional economies. This time, SZSE and Haidian District have further improved their measures and expanded the depth and breadth of cooperation on the basis of good cooperation in the past. According to the agreement, the two sides will continue to dig deep into the characteristics of regional industrial structure characteristics, and give play to the advantages of Haidian District's resources and SZSE's function as a resource allocation platform. Besides, they will deepen cooperation in IPO, refinancing, M&A and restructuring, and fixed income products, and jointly do a good job in the market cultivation, investing and financing match-making, and the incubation of scientific and technological achievements through the SZSE Zhongguancun Base. The goal is to more effectively support Haidian District to build a core area of the National Science and Technology Innovation Center with global influence.