On August 8, the Seminar on Digital-based Innovative Development of Regional Equity Markets and the "Yi Qi Rong" Launch Event were held in Shenzhen. This conference conducted in-depth discussions and exchanges on the innovative development of regional equity markets empowered by digitalization. The conference was guided by the Dept. of Market Supervision II and the Bureau of Technology Regulation of the CSRC, hosted by the SZSE, and co-organized by Shenzhen Securities Communication Co., Ltd. and Shenzhen Securities Information Co., Ltd. Over 100 participants including the officials of the Small and Medium-sized Enterprises Bureau of the Ministry of Industry and Information Technology (the "MIIT"), the heads of relevant departments and units of the CSRC, and the representatives from more than 30 regional equity markets and related fields attended the conference.

Yao Qian, Director of the Bureau of Technology Regulation of the CSRC, gave a speech. He said that after more than three years of exploration and practice, the regional equity market block chain pilot has completed a new-generation fundamental financial infrastructure under the dual-layer chain architecture of "central regulatory chain - local business chain". This has pushed ahead the standardization and unification of business data in regional equity markets and facilitated the fledging of an empowerment service system integrating both global and local characteristics. Wu Qichao, Deputy Director of the Dept. of Market Supervision II of the CSRC, also delivered a speech. He confirmed the significant progress made in the construction of block chain in regional equity markets in terms of penetrating supervision, standardization, resource integration, and innovative applications. He added that the CSRC will continue to guide and advance the comprehensive digital transformation of regional equity markets, with measures including but not limited to establishing a complete digital archive for enterprises, deepening the construction of innovative applications on the chain, promoting the development of business smart contracts, and further strengthening market connectivity.

Wang Hailin, a First-Level Inspector of the Small and Medium-sized Enterprises Bureau of the MIIT, stated that the MIIT is comprehensively promoting the digital transformation of SMEs and has supported 98 public service platforms and created more than 2,000 transformation models for SMEs in last year. Currently, the MIIT is jointly carrying out a pilot project on digital transformation of SMEs with the Ministry of Finance, planning to conduct pilot projects in about 100 cities in three batches over a period of three years and with certain financial support from the central government. Specifically, at the end of last year, the MIIT, together with the CSRC, issued the Guiding Opinions on the High-Quality Construction of a "Special Board for SRDI Enterprises" in Regional Equity Markets. Recently, it has also launched with four other ministries and commissions including the CSRC a specified plan of "One Industry Chain, One Strategy, and One Batch of Enterprises" prospering the financing of SMEs. The plan is designed to provide targeted and diversified financial supporting measures to spur better integration of SMEs into the multi-tiered capital market.

Yu Huali, Chief Engineer of SZSE, said that SZSE has been actively involving in the construction of regional equity markets for a long time and have maintained good cooperation in market cultivation, investment and financing connection, research topics, and digital platform construction. In the future, SZSE will combine the business innovation of regional equity markets with the needs of real economic development to further explore and deepen the application of digital technology, thus promoting the digitization of multi-tiered capital market and the construction of an innovative ecological system.

At the meeting, the participating guests gave in-depth introductions on the achievements of digital infrastructure construction for regional equity markets and the cultivation technology system of local capital market service. In addition, based on the CSRC empowerment service platform, they released such content as enterprise public opinion services, SRDI enterprise development reports and evaluation services, and the “CICC Torch” specialized and sophisticated enterprise services. 15 regional equity markets have signed a cooperation agreement with Shenzhen Securities Communication Co. Ltd. to jointly push the informatization and standardization construction of regional equity market business.

This conference also revealed the latest achievement in the construction of regional equity market system supported by the SZSE, i.e. the unified data terminal for regional equity markets called "Yi Qi Rong". It is a comprehensive information service and display platform for regional equity market participants and is jointly built by SZSE, industry institutions and 35 regional equity markets nationwide under the guidance of the CSRC. Yi Qi Rong will further promote the deep cooperation between SZSE and regional equity markets. Moreover, it will work together with platforms such as "Pei Yu Tong" and "Gu Jiao Tong" to better support the high-quality development of small and medium-sized enterprises. Next, Yi Qi Rong will accelerate its promotion nationwide and continue to deepen the cooperation with regional equity markets and third-party service organizations, constantly enhancing the data and service ecosystem construction so as to actively promote the investment and financing connection and better serve the high-quality development of the real economy.