“The Shanghai Stock Exchange (the SSE) will continue to shoulder its social responsibility in words and in deeds.” Shifting the real economy from the high-speed growth to the high-quality development and orienting its duties to the services for the national strategies and the real economy, the SSE fulfils social responsibility for green development by orienting the real economy to the upgraded quality, efficiency, fairness and sustainability on the basis of supporting the supply-side structural reform. The “2018 SSE Social Responsibility Report” (the Report for short) released today, or rather, the second of its kind by the SSE, aims to publicize its social responsibility strategy and relevant practices. As one of the major measures on comprehensively boosting the innovation and development of green finance, the SSE has established a team to promote green finance and sustainable development and issued the “SSE Vision and Action Plan for Serving Green Development and Promoting Green Finance (2018-2020)”.
The Report shows that in 2018, the SSE made some achievements in fulfilling its duties for the economy, the environment and the society and fueling the growth of green finance. Firstly, SSE took its initiative to better serve the real economy with active financial capital by giving full play to the functions and advantages of the capital market in terms of price discovery, accommodation of funds, resources allocation and risk sharing. Secondly, committed to accelerating the green finance in sharing the coordinated development, SSE joined hands with responsible investors in embracing a promising future on a more sustainable capital market. Thirdly, it adhered to the development concept of business integrity for a shared good future by advancing hand in hand with stakeholders, strengthening the frontline regulation and management, cultivating a good market service climate, upgrading the services for investors in line with the public needs on the capital market. Fourthly, SSE thought constantly of the community development by means of innovated modes, varied measures, targeted and efficient poverty alleviation, full support for nationwide poverty relief drive, and continuous promotion of charity programs by the use of public goods foundations.
In the future, the SSE will continue to promote the green finance and sustainable development, give full play to the function of the capital market in optimizing resources allocation, and serve the transformation of development mode, the optimization of the economic structure and the transformation of growth impetus for China’s economy. To achieve the end, SSE will speed up the establishment of green finance standards in the capital market for steady innovation and development of relevant green finance products, orderly cultivation and expansion of green investors in a bid to build a capital market of considerable international clout compatible with China, a strong modern socialist country.