From December 16 to 17, SZSE, together with Hong Kong Exchanges and Clearing Limited (HKEX) and Guangzhou Futures Exchange (GFEX), jointly held the IT Conference for the Greater Bay Area Exchanges themed by “Spearheading with Technology: Galvanize New Momentum for Digitalization in Securities and Futures Market”.

CSRC Vice Chairman Li Chao, HKEX CEO Nicolas Aguzin and SZSE President & CEO Sha Yan addressed the conference via video streaming. IT heads of SZSE, HKEX and GFEX shared their views on digitalization strategies and practices. A total of more than 2,500 people including relevant department heads of the CSRC and leaders of its subordinated units, IT management and backbone staff of institutions from securities, fund and futures markets in mainland China and Hong Kong, managers of mainland high-tech companies, and IT experts and scholars from universities and scientific research institutes, attended the conference online.

Li Chao said that China will “improve systems for scientific and technological innovation” “accelerate the implementation of the innovation-driven development strategy” and “move faster to boost China s strength in cyberspace and digital development”, has pointed out the direction for galvanizing new momentum for digitalization in the capital market and realizing high-quality development. CSRC attaches great importance to the digitalization trend and actively carries out the national innovation-driven development strategy. With the vision “to empower smart regulation with data”, CSRC has strengthened top-level design and overall planning, improved infrastructure management and data governance, promoted the building of a scientific and technological innovation system of the industry, and enhanced cybersecurity and risk control. CSRC has pushed for the digitalization of the industry and energized new drivers of digitalization, which is of great significance to giving better paly to the role of the capital market in serving the real economy and maintaining the safety and stability of the financial system.

Li Chao urged market participants to apply in depth the people-centered development philosophy, always place equal emphasis on innovation-oriented development and security, keep strengthening the building of “soft power” of digitalization, enhance communication and cooperation, and actively make contributions to promote the high-quality development of the capital market and serve the creation of a new development pattern.

Nicolas Aguzin believed that the Guangdong-Hong Kong-Macao Greater Bay Area is a world-leading innovation center at the forefront of several major trends in the world and is also an important economic engine. To realize the vision of building Greater Bay Area into a world-class science & technology and innovation center, HKEX has formulated and implemented three major strategies for future leading markets. The first strategy is to connect China and other parts of the world to facilitate two-way capital flow. The second strategy is to connect capital and opportunities to promote innovation in financing channels and help enterprises grow. The third strategy is to connect the present and the future, and to use modern, flexible digital infrastructure to develop platform business. HKEX looks forward to strengthening cooperation with all parties to seize the development opportunities of the Greater Bay Area, of China and of the world and realize future vision.

Sha Yan said that SZSE attaches great importance to being technology-driven and has put forth effort to promote the building of a “digital and intelligent exchange” under the goal of “establishing a world-leading digitalization system”. First, SZSE has set up and constantly improved the “paperless, intelligent, mobile, people-centered” review platform. Second, SZSE has separated the trading of stocks and that of bonds on the trading platform to promote the high-quality development of the bond market. Third, SZSE has completed the construction of the technologies for including ETFs into the Shenzhen-Hong Kong Stock Connect and cross-border connection to the global depository receipt business and successfully launched the first GDRs. Fourth, SZSE has formed a completely independently-developed intelligent supervision system based on open platform architecture, which has effectively improved the accuracy of transaction supervision. Next, SZSE will fully leverage the value of data as a production factor, continue to deepen the application of digital technology, enrich and improve the digital ecosystem, and vigorously promote the opening up and cooperation of digital technology. SZSE will work market participants to build new development drivers of and new strengths in the capital market and write a wonderful chapter for the development of a modern capital market with Chinese characteristics.

At the conference, SZSE launched a new product, SZSE Cloud Market Information SDK. It is a positive achievement of SZSE in improving market information technology service capability and building a capital market information data service hub in the cloud era. The product will offer open, speedy, highly available cloud internet market information service. Market institutions may call SZSE Cloud Market Information SDK through integration and form their own market information products. The product can help market institutions improve the quality of market information service for investors and reduce information service cost. So far, 21 institutions have signed a memorandum of cooperation in SZSE Cloud Market Information SDK with SZSE.

SZSE has held the IT Conference for five years straight since 2017. This year, SZSE has upgraded and expanded its brand and content. This year’s IT Conference for the Greater Bay Area Exchanges, held together with HKEX and GFEX, can give better play to the IT strength of the Greater Bay Area, promote deep integration of the financial markets in the Greater Bay Area, and accelerate the digitalization of the industry. During the two-day conference, guests shared transaction settlement technologies, financial AI, digitalization, financial big data, cross-border connectivity, etc. and discussed the digital development and application of the industry and the latest achievements.