On April 12, SZSE held the “Chuangxianghui” State-owned Capital Operation Management event. More than 40 people including officials of state-owned capital operation platforms, central state-owned enterprises (SOEs), local SOEs and local government departments, experts, scholars and representatives of intermediaries from Beijing, Shanghai, and Shenzhen were invited to share views about how the capital market is serving the high-quality development of state-owned capital and SOEs.

According to the Report to the 20th CPC National Congress, China will deepen reform of state-owned capital and SOEs, accelerate efforts to improve the layout of the state-owned sector and adjust its structure, boost the development of state-owned capital and enterprises, and enhance the core competitiveness of SOEs. General Secretary Xi Jinping has pointed out that we should refine the state-owned capital management mechanism with capital regulation at its core, with the focus on enhancing core competitiveness and improving core functions. The representatives attending the event said that state-owned capital and SOEs are main forces and pillars of the high-quality economic development of China, and against the backdrop of the across-the-board implementation of the registration-based IPO system, how the capital market and exchanges can better serve the operation of state-owned capital and the reform of SOEs is of great significance. The representatives shared, from different perspectives, cases and thoughts about how state-owned capital and SOEs have used the capital market for innovation-oriented development and discussed difficult issues and common problems. The event was well received by all parties. The representatives of state-owned capital attending the event expressed that the communication with peers from developed regions has deepened their understanding of state-owned capital operation management and the advanced cases and thoughts they've shared are very helpful. The representatives of SOEs held that the event has highlighted the important role of the capital market in the reform of SOEs and effectively expanded the ways and means to integrate resources of SOEs and manage state-owned capital, enhancing the sense of gain of enterprises.

The representatives attending the event added that in recent years, with the mission of “gathering innovation capital and unlocking growth drive”, SZSE has strengthened development of processes and rules and has built a full-chain service ecosystem for state-owned capital that covers fundraising, investment, management and exit. SZSE has constantly enhanced the business foundation, intensified support to the listing and financing of state-owned capital, and provided strong guarantee for the reform and development of SOEs. Meanwhile, SZSE has rolled out and promoted emerging market instruments such as REITs, which have provided new approaches and new thinking about how state-owned capital can participate in the building of the capital market and how SOEs can make better use of existing assets.

The successful holding of the state-owned capital operation management event shows that the “Chuangxianghui” brand event has achieved a new height in rallying and influencing the industry. Next, “Chuangxianghui” will continue to focus on key areas, key industries and key regions, hold series events that aim to promote interaction, communication and cooperation among enterprises, and build a new hub of market services with SZSE’s characteristics.