Making Gem As The Leader And Building A Financial Service Chain Around Innovation

Speaking at the sixth "golden unicorn" forum held last weekend, Song Liping, general manager of Shenzhen stock exchange, pointed out that, based on the fundamental requirements of financial services and the development of the real economy, we must find the focus of financial innovation and financial services from the endogenous demand of the real economy. We must strive to create a multi-level capital market tailored to China's economic pformation, establish and improve its corresponding product and service system, and serve the development of the real economy at a higher level and wider scope.

Song Liping pointed out that at present, there is still a big gap in capital market services for the second major economies in the world that are in the process of restructuring.

In the ten new measures, it is the most urgent task to "pay close attention to the reform plan of issuing stock registration system, cancel the continuous profit conditions of stock issuance, establish a quick mechanism for small refinancing in capital market, and carry out a pilot scheme for raising public interest in equity financing".

At the same time, we will strive to solve the financing problems of small and medium-sized enterprises and innovative enterprises by expanding market platform, extending product lines and improving service system.

Around the above

On the ongoing work of the Shenzhen Stock Exchange, Song Liping made a detailed introduction: first, continue to promote the reform of the gem and improve the market level.

Taking full account of the current operation and development rules of Internet companies and technological innovation enterprises, we should speed up the introduction of special levels and enhance the inclusiveness and flexibility of the growth enterprise market, combined with the promotion of the reform and registration system to lower the listing threshold.

The two is to start the "roadmap of growth of SMEs in science and technology", and cooperate with the development of hi-tech financial network to explore the upgrading of the comprehensive capabilities of service oriented small and medium sized enterprises, and create a financial service chain around innovation with gem as the leader.

"Roadmap 2" will make full use of the Internet technology, through the unified platform, in the government departments, high-tech parks, capital markets, financial institutions and third party professional service intermediaries, to achieve mutual information sharing, process interoperability, functional complementarity, to provide a comprehensive, full life cycle financing and integrated services for SMEs.

Three is the support area.

Construction as a node to help local SMEs financial services system construction.

The OTC market is the "nursery" of listed companies. The development of OTC market can consolidate the foundation of the development of the exchange market, and can also extend the scope of multi-level capital market services to a large extent.

The nine new country clearly includes the regional equity market into a multi-level capital market system.

The four is to actively develop small and medium-sized private debt, asset securitization and other fixed income products, and expand the scope of services to the real economy.

Apart from vigorously developing the equity market, the Shenzhen stock exchange actively develops diversified financing tools to serve SMEs and the real economy.

Among them, small and medium-sized private debt mainly serves small and micro businesses. As of the end of October, 224 out of 344 SMEs in Shenzhen have completed 277 private equity issues, raising 29 billion 960 million yuan.

The Shenzhen Stock Exchange attaches great importance to asset securitization business, and has maintained a dedicated team to follow up.

The Shenzhen Stock Exchange attaches great importance to asset securitization business, and has maintained a dedicated team to follow up.

Since 2005, a total of 37 special projects have been issued, totaling 66 billion 600 million yuan, of which 24 special projects have been pferred to the Shenzhen Stock Exchange comprehensive agreement trading platform, with a total financing of 31 billion 250 million yuan.

Among them, Ali small loan asset securitization project, has created the small loan fund source.

Recently, the Xuzhou stock exchange securitization project has been launched to explore new ways to revitalize the housing stock assets and attract social capital to participate in the shed reform.

The five is strengthening.

The function of public platform promotes the formation of social atmosphere and culture of innovation and entrepreneurship.

With the acceleration of pformation and upgrading and the deepening of innovation driven strategy, a new wave of entrepreneurial innovation is surging.

Multi level capital market should become a broad platform for mass entrepreneurship and innovation. We need to further strengthen the functions of multi-level capital market, cultivate a system environment to encourage entrepreneurship and advocate innovation, and exchanges should also take the initiative to play the role of social public platform, and strive to create an atmosphere and culture of social Entrepreneurship and innovation.