"Zhongrui Tong" officially sail: The first batch of A -share companies successfully issued the GDR capital market to high level openness and continuous advancement

21st Century Business Herald reporter Yangping Shenzhen Report

On July 28, the first batch of GDR listing ceremonies in China -Switzerland Securities Market was officially held. Fang Xinghai, vice chairman of the China Securities Regulatory Commission, and State Secretary State, Secretary of the Ministry of Finance, jointly announced that the Sino -Switzer Securities Market Interconnection Trusted Volleyball Team was officially opened. And speech.

On the same day, the global deposit vouchers (GDR) of Green, Guoxuan Hi -Tech, Shanshan Co., Ltd., and Keda manufactured four A -share companies were successfully listed and traded on the Swiss Exchange.

From the perspective of industry insiders, the opening of the China -Swiss Securities Market Interconnection Trusted Certificate Business will open a new chapter in the cooperation between the two countries' capital markets, which will be of great significance to broaden the two -way cross -border investment and financing channels and deepen China -Switzerland's cooperation.

"Zhongrui Tong" officially set sail

On December 17, 2021, the China Securities Regulatory Commission publicly solicited opinions on the "Regulations on the Supervision Regulations of the China Stock Exchange Interconnection Trusted Certificate Business", clarifying the east to expand to the eligible listed company comply with the Shenzhen Stock Exchange, and expand to the west to Switzerland to Switzerland to Switzerland to Switzerland. , Germany and other European markets.

With the strong support of regulatory policies, A -share listed companies have actively responded and announced a plan to issue GDRs overseas. The first batch of A -share companies to issue GDRs in Switzerland is one of the "best."

According to public information, the first batch of GDRs listed in Switzerland mainly came from the new energy industry, with a total fundraising scale of more than 1.5 billion US dollars.

Its China Xuan Hi -Tech is a leading company in the Lithium Electric Plate of Shenzhen City. The main products are electric vehicle (EV) batteries and energy storage systems (ESS) batteries. This time, it was listed on Switzerland. It was jointly underwritten by CICC, Haitong International, Huatai International, CITIC Ryon and Agricultural Bank of China. It raised up to $ 685 million. It was the largest IPO project issued by the Swiss Exchange this year.

Green Mei is also a new energy concept stock in Shenzhen. It is mainly engaged in new energy materials and urban mining mining business. The scale of fundraising is US $ 381 million.

Shanshan shares the design, development, manufacturing and sales of lithium -ion battery materials and polarizers, which raised $ 319 million, which were jointly underwritten by Huatai Financial Holdings, Guotai Junan, CITIC Ryon and Haitong International.

The main businesses of Keda manufacturing include building materials machinery, overseas building materials, lithium battery materials and equipment and other fields, and strategically invest in lithium battery materials business with the Lanke lithium industry. CICC's exclusive underwriting.

The 21st Century Economic Herald reporter noticed that the first batch of A -share companies listed on the overseas market. The funds raised were mostly used to open up overseas markets. This time, to the Swip Stock Exchange, it is not only conducive to opening the needs of the international market, increasing overseas popularity, but also raised by overseas. Funds can also effectively promote the development of the company's international business.

Relevant sources of Greenmei pointed out that in addition to actively responding to the call of the capital market policy, the company's issuance of interconnection and interconnection entrustment vouchers is also to expand the company's overseas financing channels for the company's overseas strategic layout.

"The issuance of Swiss GDR is conducive to the company's efficient raising overseas funds and investing in the construction of the company's overseas projects, including Indonesia's nickel resources projects and European three -yuan front -wheel drive and power battery recycling projects. At the same time, the company has successfully entered the many internationally renowned enterprises Supply chain. This distribution will further attract international strategic partners in the international, especially European, to further enhance the company's international recognition and company brands, in order to promote the cooperation between the company and the global company's green value chain, consolidate upstream and downstream forces, deepen and and deepen, Expand the global ESG value chain, "said Greenmei relevant persons.

The relevant person in charge of Guoxuan Hi -Tech also pointed out: "In recent years, Guoxuan Hi -Tech has continuously accelerated the internationalization process. Through the issuance of this interconnection deposit certificate, it is conducive to the company's development of overseas financing channels and introduce more overseas strategic investors. Continue to expand overseas business, enhance the international brand image of the company, land on the globalization strategy, and enhance and consolidate the company's leading position in the industry. At the same time, it is also conducive to the company to seize the development opportunities of the new energy industry and promote the internationalization strategy. "

High -level openness in the capital market continues to advance

It is worth mentioning that the China -Swiss Securities Market's interconnection and interoperability mechanism has successfully landed, and it is inseparable from a number of market participants. As an important promoter to deepen the mutually beneficial cooperation between the China -EU capital market, the CSI has made a lot of work, and the first batch of GDRs listed in Switzerland this time, two each from the Shanghai and Shenzhen Stock Exchange.

It is understood that under the unified leadership of the China Securities Regulatory Commission, the MSI has been insisting on research and exploration with overseas markets for a long time.

Among them, in December 2021, the Shenzhen Stock Exchange officially launched the Shenzhen Connected Interconnection Trusted Voucher Business, together with domestic and foreign market entities to actively and orderly complete relevant rules, business, technology and other preparations, support the eligible Shenzhen Stock Exchange motherboards and GEM boards Listed companies "go global" to apply for global deposit vouchers to the United Kingdom, Switzerland, and Germany. They also support the "walk in" of qualified listed companies from the above markets and apply for financing type deposit certificates on the Shenzhen Stock Exchange.

On the one hand, the Shenzhen Stock Exchange actively prepares and releases supporting rules to continue to improve the interconnection system and mechanism. On the other hand, the Shenzhen Stock Exchange has vigorously served the listed enterprises and continued to do a good job of bilateral joint market cultivation.

At present, the Shenzhen Stock Exchange cooperates with overseas exchanges in Switzerland, London and other overseas exchanges to introduce the intermediary agencies and potential issuers to the two places and potential issuers in various forms of cross -border roadshow, business explanation, and other forms. Cross -border financing needs of serving enterprises. In addition to this Guoxuan Gaoke and Grimm, as of now, Shenzhen Enterprise Lepu Medical, Superstar Technology, and Xinwangda have also issued an announcement to the public to issue GDR in Switzerland or Britain.

It is understood that at the opening ceremony of the China -Swiss Securities Market Interconnection opening ceremony held on the afternoon of July 28, the Shenzhen Stock Exchange and the Swiss Exchange signed a memorandum of understanding forgive cooperation. Promote the smooth and safe operation of "Shen Ruitong".

The relevant person in charge of CITIC Securities believes: "The Shenzhen company responded quickly after the implementation of the" China -EUS "mechanism, leading Chinese companies to explore the new path of 'going out', embrace the international market, and form a demonstration effect. Shenzhen Corporation is a leading private enterprise. It has been cultivating in the industry for many years and shows the booming development of the socialist economic system with Chinese characteristics. And deepen the cooperation mechanism of the Shenzhen Stock Exchange and the Overseas Stock Exchange's interconnection entrusted certificate, helping the outstanding enterprises in Shenzhen City to open the overseas financing channels. "

The relevant person in charge of CICC also said: "Switzerland is one of the important financial centers in Europe. Shenzhen Corporation will deepen the interconnection of the China -Europe capital market and use the overseas capital market to promote the development of the real economy, especially the development of the new generation of manufacturing. Major measures. The above issuance will release my country's opening up to the outside world, encourage high -quality enterprises to go global, and realize the determination of enterprises to make big and strengthen. "

The relevant person in charge of the Shenzhen Stock Exchange stated that in the next step, in accordance with the requirements of the China Securities Regulatory Commission's deployment, it will continue to do a good job of supervision and services of the interconnected deposit certificate business, and support eligible Shenzhen listed companies to go to overseas market financing and develop in an orderly manner. The breadth and depth of interconnection, continuously optimize and improve the effectiveness of cross -border cooperation and interconnection mechanism, solidly promote the high -level institutional and systematic openness of the capital market, continuously enhance the capabilities of global resource allocation and service of the capital market, accelerate the construction of high -quality innovation Capital centers and world -class exchanges to better serve the construction of a new development pattern and achieve high -quality development.

The Shanghai Stock Exchange also said that the smooth opening of the China -Swiss Securities Market Interconnection Trusted Certificate Business will effectively connect the markets of the two places to further promote the sharing of market element resources and help the global strategic layout of high -quality enterprises in Shanghai. In the next step, under the unified leadership of the China Securities Regulatory Commission, the Shanghai Stock Exchange will unswervingly promote the two -way opening of the capital market system. Relying on interconnected business platforms, continue to do a good job of cross -border marketing services for domestic and foreign enterprises, and continuously deepen Shanghai Rui two. Land capital market cooperation content.

(Author: Yangping Editor: Zhu Yimin)

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