SZSE recently cooperated with the Stock Exchange of Thailand (SET) in display of index quotes to further enhance the global influence of SZSE indices, facilitate international investors’ tracking of SZSE indices and allocation of relevant products, and deepen practical cooperation with the capital markets in ASEAN, thus better serving the high-quality development of the Belt and Road.

SZSE and SET have long maintained close cooperation. The two parties entered into a memorandum of understanding on cooperation in November 2009 for the first time, and then signed a new memorandum of understanding on cooperation in April 2019, with a focus on cross-border investment and financing connecting mechanisms, green finance, index and index products. Earlier, SZSE had, in collaboration with SET and market institutions in both countries, organized a roadshow via the V-Next platform to connect SET-listed companies from Thailand’s advantaged industries with SZSE-listed companies and domestic institutional investors. Moreover, SZSE set up a special area for information display on the platform, providing channels for a total of 37 SET-listed companies to present themselves and facilitating the connection between the SMEs from key sectors of both countries with innovation capital.

Via this cooperation, SZSE displays six indices on SET’s website SETTRADE, including three core indices of SZSE, two A-share broad-based market indices, and one cross-border index. Specifically, the three core indices of SZSE are Shenzhen Component Index, which is the benchmark index of SZSE, ChiNext Index, which is the representative index of “innovation and growth”, and Shenzhen 100 Index, which is the representative index of “innovation and blue chips”. The two broad-based market indices are CNI A50 and CNI 2000, which are benchmark indices for industry leaders and small caps respectively. The cross-border index is Greater Bay Area Innovation 100 Index, which reflects the clustering strengths and innovation-oriented development feature of the listed companies based in the Guangdong-Hong Kong-Macao Greater Bay Area. Meanwhile, SET displays its three core indices on the website of CNI Index, namely, the benchmark index of the SET market SET Index, the blue-chip index SET50 Index, and the Thai sustainability investment index SETTHSI.

In recent years, SZSE’s subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) has actively explored cross-border index cooperation modes that are replicable and scalable, having establishing partnership or entering into letters of intent on index cooperation with over ten overseas exchanges including the Singapore Exchange, the Japan Exchange Group and London Stock Exchange Group. In addition to cooperation in display of index quotes, SSIC has engaged deeply in the capital markets of the countries and regions along the Belt and Road and supported the index building of local securities markets. Together with Dhaka Stock Exchange and Bursa Malaysia, SSIC has launched cross-border joint indices including CNI-DSE Select Index and CNI-Bursa Malaysia 50 Index, providing investment benchmarks and underlying index products to local markets. Meanwhile, SZSE has constantly enriched the overseas SZSE indices for fund products. SZSE has rolled out index products based on SZSE indices such as ChiNext Index, Shenzhen 100 and Greater Bay Area Innovation 100 Index in South Korea, Japan, Singapore and the United States.

Next, SZSE will study and implement in depth the guiding principles from the 20th CPC National Congress, the Central Economic Working Conference and the annual NPC and CPPCC sessions. We will, under the leadership of CSRC, firmly deepen reform, expand opening up, enrich and expand the cross-border product connectivity mechanism, strengthen cross-border connect of infrastructure, and refine the regular service mechanism for overseas medium- and long-term investors. Meanwhile, we will further promote high-standard cooperation with overseas exchanges and market institutions in broader areas, strive to build a world-class exchange featured by a quality innovation capital center and better serve the high-standard two-way institutional opening-up of the Chinese capital market.