Lately, the Shanghai Stock Exchange (SSE) held the 9th Session of the 2018 Follow-up Training on Listed Companies' Secretaries of the Board of Directors in Yan'an City, Shaanxi Province. A total of 145 secretaries of the Board of Directors and securities affairs representatives from 109 SSE-listed companies took part in the training. To serve the national strategy and fulfill the capital market's major mission of serving the real economy and supporting the development of old revolutionary areas, the SSE has made use of the resources allocation platform and organized the "Investment-attracting Forum of Listed Companies Supporting the Industrial Development of Yan'an" with the CPC Yan'an Committee and the Yan'an Government during the training.
Present at the forum were Yan'an officials including Xu Xinrong, Standing Member of the CPC Shaan'xi Provincial Committee and Party Chief of Yan'an, Ma Hongyu, Standing Member of the CPC Yan'an Municipal Committee and Executive Vice Mayor of Yan'an, and Pan Xuexian, Deputy Party Chief and Chief Supervisor of the SSE. Representatives of relevant government departments and enterprises in Yan'an, as well as all the trainees, took part in the forum.
Pan Xuexian introduced the series measures of the SSE to promote the innovative development of enterprises in Yan'an.
The first is to create a more inclusive "new blue chip" market to provide Yan'an enterprises with a platform to carry out equity financing. Pan Xuexian said that the SSE would further integrate superior resources and optimize a three-dimensional service pattern, think what enterprise think about, be anxious for them and supply what they need, in a bid to provide superior enterprises in Yan'an with professional, thoughtful and systematic services and help more enterprise to enter into the A-shares market.
The second is to strengthen the bond market's functions and relieve the enterprises' financing difficulty. Recently, under the guidance of the China Securities Regulatory Commission, the SSE has further boost the bond market reform and come up with some measures to relive the difficulty and expense of financing targeted to private enterprises. Next, it will strengthen the efforts on visiting and promoting Yan'an enterprises and support their bond financing. Meanwhile, it would manage the market promotion and cultivation for the asset securitization and assist Yan'an enterprises in optimizing financial structure, reducing financing cost and increasing growth momentum, so as to achieve new breakthrough and development in the new era.
The third is to set up a communication bridge to achieve win-win development. The SSE would give full play to the pivot function of the capital market, act as a go-between for listed companies and Yan'an enterprises, and strive to create a favorable situation with smooth communication, connected projects, monetary circulation and connected feelings, thus realizing mutual progress and win-win results through cooperation. Besides, the SSE's accelerated internationalization pace would introduce more international resources for the enterprises in Yan'an and SSE-listed companies, thus providing them with wider and brighter development space.
Ma Hongyu introduced the economic development of Yan'an and its advantages in natural resources and history humanities. He said that Yan'an would take this opportunity to regard the enterprises' listing as the focus of supporting the development of real economy and keep improving the government service level, optimizing the business environment, strengthening the market cultivation and accelerating the listing of enterprises, so as to gather more strength for the economic development of Yan'an.
At the forum, Yan'an Investment Promotion Bureau, Yan'an New Area, Yan'an High-tech Zone and Nanniwan Development Zone carried out investment promotions, and 6 representatives of Yan'an's enterprises introduced their projects according to their advantages and needs.
Representatives of SSE-listed companies, such as Bank of China, Orient Securities and Chongqing Department Store, said that they would, in accordance with their advantages, cooperate with Yan'an enterprises in terms of connection between farmers and supermarkets as well as commercial capital operation.
All the parties engaged in more in-depth communication and exchange after the forum, and preliminary cooperation intents were achieved in some projects.