On September 6, the 60th World Federation of Exchanges (WFE) Member Conference and Annual Meeting (hereinafter referred to as the “WFE Annual Meeting”) hosted by the Shenzhen Stock Exchange opened in Shenzhen. In his welcome speech, Wang Jianjun, Chairman of the Shenzhen Stock Exchange, said that through deeper and wider opening up, the channels and products for cross-border investment will be more abundant. The connection is getting closer.
Wang Jianjun pointed out that this WFE annual meeting is the first high-profile global event in the capital market field since the outbreak of the new crown epidemic. It has been awaited for a long time by all parties and is of great significance. Due to the epidemic, the current annual meeting was postponed for more than a year. Its convening fully demonstrated that the epidemic cannot stop our common desire and determination to unite in response to challenges.
He said that the capital market is an important part of the global economic and financial system. Since the outbreak of the epidemic, the Shenzhen Stock Exchange has provided flexible and warm supervision and services in accordance with the requirements of the China Securities Regulatory Commission, firmly implemented the GEM reform and piloted the registration system, and continued to promote Open to the outside world at a high level, actively build a green financial service system, make every effort to build a safe and efficient technical system, and further support the “three innovations” and “four innovations” to serve the development of the real economy.
In the past year or so, under the GEM registration system, 184 companies have been successfully listed, IPO financing exceeded 140 billion yuan, and the total number of GEM listed companies exceeded 1,000, of which high-tech enterprises accounted for more than 90%. The registration system has been implemented on China’s Science and Technology Innovation Board and Growth Enterprise Market one after another, laying a new institutional foundation for realizing a high-level circulation of technology, capital and industry. At present, there are 2493 listed companies in Shenzhen Stock Exchange, with a total market value of about 37 trillion yuan. The number of transactions, transaction value, market activity and other major indicators rank among the top in the world.
As a member of the WFE Sustainability Working Group and a member of the United Nations Sustainable Stock Exchange Initiative, the Shenzhen Stock Exchange has also been actively advocating social responsibility and sustainable development, and promoting listed companies to implement ESG standards. As early as 2006, the “Guidelines for Social Responsibility of Listed Companies” were issued. At present, 90% of Shenzhen’s listed companies have disclosed environmental and social responsibility information in their annual reports, and more than 260 listed companies are engaged in green industries. The Shenzhen Stock Exchange also launched green fixed-income products such as green bonds, carbon neutral and special bonds, and developed 25 ESG-themed green indexes, and a green financial service system has taken shape.
The Shenzhen Stock Exchange has signed a memorandum of understanding with 52 exchanges and market institutions around the world, continues to strengthen cross-border cooperation, and has successively implemented Shenzhen-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.ETFInteroperability, Shenzhen-Japan ETF interoperability, and actively attract more international institutional investors to participate in the Shenzhen Stock Exchange market.
Safe and reliable technical guarantee is the lifeline of the exchange. The Shenzhen Stock Exchange insists on positioning itself as a high-tech exchange and continues to increase R&D investment. It is currently building the highest-level information technology base in China’s securities industry. Promote technological upgrading and infrastructure construction.
Wang Jianjun said that the global economy is gradually recovering, but the return to imbalance and instability has become a common call from all walks of life to strengthen global response to the epidemic through cooperation. As the hub of the capital market and the symbol of the economies of various countries and regions, the exchange should strengthen cooperation to support the recovery of the real economy and promote technological innovation and industrial development.
He also said that the Shenzhen Stock Exchange is making every effort to build a “high-quality innovation capital center and a world-class exchange” and hopes to learn from international peers. The WFE annual meeting is an excellent learning opportunity. “With the power of everyone, there is no victory.” As long as everyone seeks common ground while shelving differences and sincerely cooperates, the global capital market will definitely develop in a more open, inclusive, and efficient direction, thereby contributing to the recovery of the global economy and long-term stable and healthy development. Due contribution.
(Source: China Securities Net)
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