It was addressed by Vice Chairman Fang Xinghai of CSRC, Vice Minister Li Meng of Ministry of Science and Technology, Deputy Commissioner Lu Pengqi of China National Intellectual Property Administration, Director Xu Shanchang of the Comprehensive System Reform of NDRC and Financial Secretary Paul Chan Mo-po of Hong Kong via video and by Secretary Meng Fanli of CPC Shenzhen Municipal Committee and Chairman Chen Huaping of Shenzhen Stock Exchange on site. The on-site attendees included the leaders of Shenzhen, the heads of SZSE and the representatives of market institutions.

Meng said that the launching ceremony of "The Venture Capital Day of Shenzhen" and unveiling ceremony of SZSE Technology and IP Exchange was a concrete move of Shenzhen to carry out the guiding principles of the 20th CPC National Congress and it demonstrated Shenzhen's determination and attitude to vigorously develop the venture capital industry and accelerate high-quality innovation-driven development. We will create the best ecosystem in the best faith and through the best policies and services so as to develop Shenzhen into a first choice for global innovation, entrepreneurship, investment and development.

Fang said that by establishing the Center, the multi-tiered capital market system including SZSE will further deepen the cooperation with colleges and universities, research institutes, science and technology enterprises, private equity and venture capital, joining their efforts to promote the deep integration of high-level technology, high-level talents and innovative capital. CSRC will take the Venture Capital Day of Shenzhen and the opening of the Center as an opportunity to further improve the system and mechanism of capital market which supports scientific and technological innovation, drive the high-quality development of technology market and capital market, contributing to the modernization of China together.

Li said that we should advance the work on technology from the point of placing innovation at the heart of China’s modernization drive to truly make scientific and technological innovation an important driver to boost high-quality development, explore and develop new areas and racetracks, and develop new drivers and advantages. The Center is of great significance to give better play to finance and market mechanism, improve the technological factors market, optimize allocation mechanism and scientific and technological innovation system and efficiently integrate technological and financial factors. We hope the Center will play an even bigger role in supporting the industrial application of results from national scientific and technological programs.

Lu said that as an effective property arrangement and innovation and incentive mechanism, IP system is an important foundation for market-oriented allocation of innovation resources and technological factors. The Center is founded at the right time to play an important role in effectively linking capital market, technological advances and IP. China National Intellectual Property Administration will join hands with other parties to support the development of the Center, foster more IP-intensive innovative enterprises and contribute more to the building of China into a giant in IP and science and technology.

Chen said that setting up the Center is an important measure of SZSE to carry out the decisions and plans of the CPC Central Committee and support Shenzhen to construct the pilot demonstration zone, and an important step for SZSE to perfect the innovation capital formation system. SZSE will conscientiously implement the guiding principles of the 20th CPC National Congress, carry out the new development concept in a complete, accurate and comprehensive way, improve the innovative service chain, and optimize allocation of innovation resources. SZSW will also do its utmost to develop the Center, endeavor to build a platform for applying scientific and technological advances, creating synergy and serving innovation centers, and better serve the self-reliance and self-strengthening of higher-level science and technology.