On the morning of March 1, 2019, the South Center of the Shanghai Stock Exchange (SSE) was officially inaugurated in Guangzhou. Jointly unveiling the plaque for the SSE South Center were Ouyang Weimin, deputy governor of Guangdong Province, Jiang Feng, president of SSE, Li Ming, vice mayor of Guangzhou, He Xiaojun, director of Guangdong Province Financial Regulatory Bureau, Qiu Yong, director of Guangdong Office of China Securities Regulatory Commission (CSRC), and Qiu Yitong, director of Guangzhou Municipal Financial Regulatory Bureau.
In order to give further play to the role of the SSE in supporting the national strategies such as the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the innovation-driven development etc., the SSE and Guangdong Province have strengthened strategic cooperation since 2018 to advance the preparation for the establishment of the SSE South Center in an all-round manner. Taking Guangzhou as the center, the SSE South Center will serve Guangdong, Fujian, Hainan provinces and other regions, providing them with capital market services. Especially in the process of launching the sci-tech innovation board and piloting the registration-based IPO system, the SSE South Center will help the technology and innovation-oriented enterprises in the above-mentioned regions to better understand relevant policies, and bolster the enterprises’ access to the sci-tech innovation board.
In his speech, Ouyang said that Guangdong should seize the significant opportunities brought by the sci-tech innovation board and the capital market, ride on the momentum, take the initiative in making contributions, and vigorously encourage the high-quality technological enterprises in Guangdong to go public on the sci-tech innovation board and make better use of the capital market in boosting the implementation of the innovation-driven development strategy, so as to effectively propel the high-quality economic growth in the province. Jiang briefed on the progress made by the SSE in launching the sci-tech innovation board and piloting the registration-based IPO system, encouraging qualified sci-tech innovation enterprises to actively apply for the listing on the board. Also attending the inaugural ceremony were the officials of relevant enterprises, financial institutions and intermediaries.