On September 12, 2016, Shenzhen Stock Exchange (‘SZSE’) signed a strategic cooperation agreement with Inner Mongolia Autonomous Region in Hohhot, both parties reported their own recent development situation and exchanged ideas extensively on strengthening cooperation next. Mr. Yun Guangzhong, the Vice Governor and Member of the Standing Committee of the CPC Inner Mongolia Autonomous Region, and Mr. Wang Jianjun, the General Manager of SZSE, signed the agreement on behalf of both parties respectively.
Mr. Yun Guangzhong firstly introduced Inner Mongolia's economic and social development situation at present and development plan in the next step. Inner Mongolia has distinctive natural and regional conditions and distinguished social and economic development feature, it has urge demand for capital market and would like to further deepen cooperation with SZSE, so as to better use capital market instruments to promote the supply-side structural reform and economic and social development in the region.
Mr. Wang Jianjun said, SZSE has attached great importance to Inner Mongolia market cultivation service work with frequent top-level exchanges and productive cooperation in various areas, and he congratulated to Inner Mongolia Autonomous Region on its major development achievements in recent years. SZSE has complete equity market and rich kinds of bond and asset securitization products, which offer a good foundation for serving the real economy in the region. SZSE will take the opportunity of the strategic agreement signed at this time to further provide distinctive and targeted service.
According to the agreement, both parties will jointly explore the new economic and social development mode of capital market serving ethnic minority regions and border areas, so as to jointly promote the regional capital market development and strive to create the “Inner Mongolia mode” of SZSE serving Inner Mongolia Autonomous Region. Firstly, they will carry out overall research and analysis on the capital market development of the region to form an overall scheme for supporting the capital market development of Inner Mongolia Autonomous Region by SZSE. Secondly, they will select enterprises enjoying special state aid according to the industrial features of each league city, and deepen the cultivation service via various methods. Thirdly, they will establish fixed income products base, and support and encourage the issuance of green bonds according to the main green industry features, such as clean energy, ecological protection and restoration in Inner Mongolia. Fourthly, they will strengthen intelligent support force, increase training frequency, jointly carry out special research on capital market development, and giving priority to arranging cadre attachment. Fifthly, they will strengthen the supporting force of ecological improvement of the region, and continue to support Alxa ecological foundation to become bigger and stronger. Sixthly, they will actively explore new ways of financial support, and strive to establish a point-to area, multi-level and distinctive financial support system.