Continue to deepen domestic and overseas market interconnection and Shenzhen -Shenzhen City's opening up to the outside world significantly

Our reporter Xing Meng

On July 28, "Shen Ruitong" officially launched, Green Mei and Guoxuan Hi -Tech GDR (Global Stock Volume) successfully listed on the Swip Stock Exchange. This is also the first batch of Shenzhen -city enterprises GDR successfully listed in Switzerland.

The official launch of "Shen Ruitong" is an important measure for the Shenzhen Stock Exchange to implement the Party Central Committee and the State Council on expanding the strategic deployment of financial openness and promoting the mutually beneficial cooperation between the China -Europe capital market. The two markets and two types of resources are good for good practice, which has important milestone significance.

In recent years, in the international development of Shenzhen Communications, the new development concept has been actively implemented, focusing on service scientific and technological innovation, low -carbon sustainable, high -end manufacturing and other key areas, continuously optimize and expand the interconnection and interoperability mechanism, support corporate cross -border financing development, and unblock overseas investors to participate in the participation of overseas investors. Channel, build a comprehensive investment and financing service platform, orderly promote the high -level two -way opening of the capital market in an orderly manner, and contribute to the establishment of a new development pattern and achieve high -quality development.

Shenzhen low -carbon sustainable industry

The cluster effect is prominent

Green Mei and Guoxuan Hi -Tech comes from deep -carbon environmental protection and new energy industries such as low -carbon environmental protection and new energy, which focuses on the cluster effect of the low -carbon sustainable industry in Shenzhen. During the issuance, Green Meimei raised a total of US $ 346 million; Guoxuan Hi -Tech's total fundraising was US $ 685 million, which was the largest IPO project issued by the Swiss Exchange this year.

For a long time, the Shenzhen Stock Exchange has actively practiced the concept of sustainable development, giving full play to market hub functions, and providing direct financing support for the development of low -carbon sustainable industries. At present, there are more than 270 listed companies engaged in green industries, with a total market value of more than 6 trillion yuan, accounting for nearly 20%of the total market value of Shenzhen.

"The company's successful listing in the Shenzhen Stock Exchange has promoted the realization of the company's green ideal." Greenmei said that since the company was listed in 2010, the capital market platform has made five re -financing, raising nearly 10 billion yuan, and deploying the global green industry in the world. territory. Next, Green Mei will make full use of the favorable conditions of the interconnection and interconnection entrusted voucher and the capital market to expand the two -way opening, actively expand the international market, use the domestic and overseas capital markets to be better and stronger, and enhance the international competitiveness of the enterprise.

"The Shenzhen Stock Exchange has a high market -oriented spirit, creating a market environment that adheres to the open, fair and fair. Such a good market atmosphere is conducive to our continuation of the industry's advantages and full of development vitality." , The company makes full use of the favorable opportunities for the interconnection of the China -Europe capital market to respond to the call of national policy, use the overseas capital market to accelerate the company's international strategic layout, enhance the company's global brand influence, "based on domestic and international", deeply cultivate power lithium lithium Battery global market.

CITIC Securities believes that the Shenzhen -Shenzhen companies issued to Switzerland this time are head private enterprises. They have been cultivating in the industry for many years, showing the vigorous development of enterprises under domestic and overseas markets that the socialist economic system with Chinese characteristics has gathered. At the same time, the successful issuance of Shenzhen companies to Switzerland will further promote and deepen the cooperation mechanism of the Shenzhen Stock Exchange and the Overseas Stock Exchange's interconnection certificate to help Shenzhen's outstanding enterprises open overseas financing channels.

"Switzerland is one of the important financial centers in Europe. Shenzhen Corporation went to Switzerland to issue head companies to respond to the call of the capital market, release and encourage high -quality enterprises to go out to raise funds, and take the lead in achieving a globalized signal." CICC said that this move will be the move. 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 new generation of manufacturing development. The above issuance will release my country's opening up to the outside world, encourage high -quality enterprises to go out, and realize the determination of enterprises to make great strength.

Support enterprises to make good use of two markets and two resources

The four aspects of the Shenzhen Stock Exchange promote business implementation

For a long time, all prefaces of Shenzhen Communications have promoted the implementation of the interconnected deposit voucher business and supported enterprises to make good use of the two markets and two types of resources to develop.

The Shenzhen Stock Exchange launched a innovative exploration in cooperation with overseas markets since its overseas market. In accordance with the unified deployment of the China Securities Regulatory Commission, the Shenzhen Stock Exchange officially launched the Shenzhen -City Interconnection Trusted Certificate Business in December 2021. It actively and orderly complete the preparations of relevant rules, business, and technology in accordance with domestic and overseas market entities. The main board and the GEM listed company "go global" to apply for a global deposit certificate to the United Kingdom, Switzerland, and Germany. It also supports the "come in" with qualified listed companies from the above markets to apply for a financing type deposit certificate on the Shenzhen Stock Exchange. Essence

The first is to release supporting rules and continuously improve the mechanism of the interconnection. On the basis of fully adopting the content of the pre -social public solicitation of opinions, on March 25, 2022, the Shenzhen Stock Exchange officially released three supporting rules such as the relevant measures for the interconnection and existence certificate business. On April 29, the Shenzhen Stock Exchange issued relevant business guidelines to further clarify the specific requirements of the global custody voucher cross -border conversion business.

The second is to serve listed companies and continue to do a good job of bilateral joint market cultivation. The Shenzhen Stock Exchange cooperates with overseas exchanges such as Switzerland, London and other overseas exchanges to introduce the interconnected intermediaries and potential issuers to the two places and potential issuers in various forms such as cross -border roadshow and business descriptions. Cross -border financing demand. Up to now, five deep -city companies including Guoxuan Hi -Tech, Lepu Medical, Green, superstar technology, and Xinwangda have issued an announcement to the GDR of GDRs in Switzerland or Britain. Among them, two companies such as Green Mei and Guoxuan Hi -Tech were officially listed on July 28. Lepop Medical has officially submitted listing application materials to the Swiss Exchange. The third is to prepare for various preparations to ensure the smooth operation of the business. Shenzhen Branch of Shenzhen Stock Exchange and China Securities Registration and Settlement Co., Ltd., in an orderly manner to promote the reconstruction and market testing of interconnected existence certificates related technical systems. Cooperate with the marketing of the market in the Shenzhen City transaction settlement independent testing environment to complete the interconnection and the global deposit voucher business simulation test, successfully complete the launch of the relevant technical system, and at the same time do a good job of the registration of the deposit bank, as well as the cross -border market of Rui, Britain, and Germany. The filing of the conversion agency provides a practical guarantee to ensure the smooth development of the Shenzhen Connection Global Stock Volleyball Business.

The fourth is to deepen communication and collaboration and promote the stable and far -reaching project of the market interconnection of the two places. The Shenzhen Stock Exchange and the Swiss Exchange signed a memorandum of understanding of the complementary cooperation for the cooperation in the opening ceremony of the China Swiss Securities Market. The two parties will further strengthen the joint cultivation and promotion, optimize the improvement mechanism arrangement, and jointly promote the smooth and efficient operation of the interconnection certificate mechanism of the two places.

The Shenzhen Stock Exchange stated that the next step will continue to carry out relevant business services and regulatory work in accordance with the deployment requirements of the China Securities Regulatory Commission to better serve the global development of enterprises, continue to optimize and improve the effectiveness of cross -border cooperation and interconnection mechanism, solidly promote the capital market system type type Systematic openness, service construction new development pattern.

Cross -border investment continues to active

The results of the opening of Shenzhen City are prominent

In recent years, the Shenzhen Stock Exchange has continued to deepen the interconnection of domestic and overseas markets, improves the international investor service system, actively integrates into the construction of the "dual zone", solidly promotes pragmatic cross -border exchanges and cooperation, and has effectively promoted the high -level openness of the capital market.

In terms of deepening the interconnection of domestic and overseas markets, in the Shenzhen -Hong Kong Stock Connect, the mechanism arrangements have continued to optimize, and cross -border investment continues to be active. As of the end of June 2022, the cumulative transaction amount exceeded 5.5 trillion yuan. Overseas investors have purchased more than 800 billion yuan in A -share nets through north -directional transactions, becoming an important investment forces in A shares, which effectively improves the structure of A -share investors; domestic investors buy more than 1 trillion Hong Kong dollars in Hong Kong stocks through southbound transactions, which are strong. It has enhanced the activity of Hong Kong stocks and supports the liquidity of the Hong Kong market; in terms of ETF interoperability, deepening the expansion of ETF interoperability, and providing diversified choices for cross -border investment. From the successful opening of the Shenzhen -Hong Kong ETF interoperability in October 2020 until July 2022, ETF was officially launched in the Shenzhen -Hong Kong Stock Connect mechanism. The transaction variety continued to be enriched, and the convenience of investment was further enhanced. The market is open to the outside world. At present, overseas institutional investors who have recorded in banks can invest in the Shenzhen Stock Exchange's bond market.

In improving the international investor service system, the Shenzhen Stock Exchange has continuously enriched the content and form of international promotion services. By carrying out the promotion service model according to different service objects and theme innovation, actively expand continuous cooperation with overseas institutions and two -way information exchange mechanisms, strengthen policy communication, and strengthen policy communication. Stable market expectations will attract overseas medium and long -term funds to enter the market. At the same time, actively promoting listed companies in the Shenzhen Stock Exchange into the international index. In October 2021, MSCI launched the A -share index based on Shanghai -Shenzhen -Hong Kong Stock Connect, the MSCI China A50 interconnection index. In addition, rich cross -border connection index products. As of the end of June this year, a total of 10 fund products that tracked the deep -city characteristic index were listed in overseas markets, with a scale of about 2 billion yuan. It was listed in Hong Kong, South Korea, the United States and other places in China, becoming an important target for overseas investors to allocate A shares.

In the construction of the "double district", on the one hand, the Shenzhen Stock Exchange enriches the Mainland and Hong Kong comprehensive and multi -level pragmatic cooperation, and cooperates with the Hong Kong Stock Exchange to launch the Shenzhen -Hong Kong ETF interoperability project. The A50 interconnection ETF product is listed, and it is developed with the Hong Kong Stock Exchange MSCIA50 stock index futures. On the other hand, the Shenzhen Stock Exchange supports the integration and development of the Guangdong -Hong Kong -Macao Greater Bay Area. Start the pilot product of the Bay Area Bond Platform, and promote the construction of the DC Center in an orderly manner. Assist Guangdong and Shenzhen to issue the first batch of offshore RMB local government bonds, launch cross -border issuance of local government bond information display services, and serve new breakthroughs in the construction of "dual districts".

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