SSE Party Committee Earnestly Studies Xi Jinping's Speech, Fully Supports Deepening NEEQ Reform and Establishment of Beijing Stock Exchange

03 Sep 2021

In his remarks at the Global Trade in Services Summit of the 2021 China International Fair for Trade in Services, CPC General Secretary Xi Jinping announced that we will continue to support the innovation-driven development of small- and medium-sized enterprises (SMEs), by deepening the reform of the New Third Board (National Equities Exchange and Quotations) and setting up a Beijing Stock Exchange as the primary platform serving innovation-oriented SMEs. At an enlarged meeting on the morning of September 3, 2021, the Shanghai Stock Exchange (SSE) Party Committee earnestly studied General Secretary Xi’s speech, the CPC Central Committee's decision on the establishment of a Beijing Stock Exchange and the relevant arrangements made by the China Securities Regulatory Commission (CSRC). It was unanimously agreed that the establishment of a Beijing Stock Exchange is an important decision and arrangement made by the CPC Central Committee and the State Council. It is also an important link in the construction of a multi-tiered capital market as well as an important arrangement to deepen the reform of the capital market and improve its function. Besides, it is of great significance for improving China's capital market system, making up for the shortcomings of the capital market in serving SMEs, helping the innovative development of SMEs, and promoting the overall virtuous cycle of the national economy and high-quality economic development. The SSE firmly and fully supports deepening the reform of the NEEQ, and warmly congratulates on the establishment of the Beijing Stock Exchange!

For a long time, the SSE has maintained a good cooperative relationship with the NEEQ. The two sides have made a series of solid and effective achievements through close cooperation in the construction of the New Third Board, the joint construction of service bases, enterprise training, investor education and other fields. The SSE will thoroughly study, understand and resolutely implement the requirements of the important remarks by General Secretary Xi Jinping. In accordance with the unified arrangement by the CSRC, the SSE will fully support and actively cooperate with the parties concerned in the implementation of the reform, provide effective assistance in personnel, technological system construction, and experience sharing on the IPO registration system reform. The SSE will support the characteristic development of the Beijing Stock Exchange to better serve the high-quality development of innovation-oriented SMEs and jointly make due contributions to the high-quality development of China's economy and the construction of a multi-tiered capital market!