From December 15 to 16, SZSE, together with Hong Kong Exchanges and Clearing Limited (HKEX) and Guangzhou Futures Exchange (GFEX), jointly held the 2023 IT Conference for the Greater Bay Area Exchanges themed by “Harnessing Technology · Digital and Intelligent Technology Empowerment”. This conference was held under the guidelines of the Central Economic Work Conference and the Central Financial Work Conference. It aims to focus on the cutting-edge trends of industrial digitalization and scientific and technological innovation, deepen the collaborative innovation of the Guangdong-Hong Kong-Macao Greater Bay Area, stimulate the development momentum for industrial scientific and technological innovation, and help the high-quality development of the capital market.

CSRC Vice Chairman Li Chao and HKEX CEO Nicolas Aguzin addressed the conference via video streaming. SZSE President & CEO Sha Yan attended this conference. SZSE Chief Engineer Yu Huali delivered a speech on the scene. Relevant persons in charge of Bureau of Technology Regulation of CSRC, SZSE, HKEX, GFEX, industry institutions, colleges and universities and technology enterprises exchanged and shared their digitalization and intelligence strategy practice and construction vision. A total of 5,000 persons including relevant persons in charge of relevant departments and entities of the CSRC system, technical executives and backbone forces of securities, funds and futures market institutions in the mainland, relevant persons in charge of high-tech enterprises and technical experts and scholars from colleges and universities and research institutes attended this conference online and offline.

Li Chao said that the Central Financial Work Conference emphasizes “effective development of science and technology finance, green finance, inclusive finance, pension finance and digital finance” and requires “earnest efforts to strengthen financial regulation, prevent and resolve financial risks, promote high-quality financial development and conduct other key work”. This provides the direction and guidelines for stimulating the new momentum for digitalization and intelligence in the capital market and achieving high-quality development. CSRC attaches great importance to the digital development trend and upholds the vision that “data makes regulation smarter”. It has constantly deepened the reform of science and technology regulation, strengthened the top-level design and overall planning of digitalization, constructed the basic capacity of science and technology regulation, promoted the enhancement of autonomy and security and improved the level of industrial scientific and technological innovation. It’s hoped that all parties will work together to enhance the ability of digital technologies to serve the real economy and the autonomy and controllability of core technologies, pay great attention to both scientific and technological innovation and risk prevention and give full play to the leading and driving roles of scientific and technological innovation. In addition, all parties will promote the deep integration of digital technologies and the real economy and make positive contributions to advancing the high-quality development of the capital market, serving the high-quality development of the national real economy and accelerating the construction of a financial power.

Nicolas Aguzin believed that fintech is causing profound changes in the capital market. Located in the dynamic Guangdong-Hong Kong-Macao Greater Bay Area, a hotbed of global scientific and technological innovation, HKEX is keenly aware of the energy unleashed by scientific and technological innovation. It keeps a close eye on the latest technological development and strives to enhance market efficiency and competitiveness through science and technology and connect the present with the future. HKEX looks forward to strengthening cooperation with all parties to seize the development opportunities of the Greater Bay Area, China and the world, actively embrace innovation, ensure market quality and stability and further consolidate Hong Kong’s position as an international financial center.

Yu Huali said that in recent years, under the overall deployment of CSRC, SZSE has actively promoted the construction of a “digital and intelligent” exchange, consolidated the foundation of digitalization, expanded intelligent business applications, accumulated soft power of “digital and intelligent” innovation and explored the development path of “digital and intelligent technology empowerment” in the industry. In the next step, SZSE will focus on “digital finance”, strengthen its leading position in technology, adhere to the bottom line of security, comprehensively strengthen technological cooperation, drive the construction of “digitalization and intelligence” ecology in the industry with the “digital and intelligent” transformation of the exchange. With such measure, SZSE will make due contributions to propelling the high-quality development of the capital market and better serving the Chinese-style modernization.

At this conference, the signing ceremony of the SZSE-HKEX market data cooperation agreement was also held. SZSE and HKEX will, through the cooperation in market data between them, introduce Hong Kong stock market data into the data center of SZSE. Shenzhen Securities Communication Co., Ltd and Shenzhen Securities Information Co., Ltd., the subordinate entities of SZSE, will provide users in the mainland with redistribution and SDK services related to Hong Kong stock market data respectively. The cooperation will provide the market with more stable, rich and low-delay services related to Hong Kong stock market data, further promote industrial infrastructure connectivity and facilitate the integrated development of securities and financial industries in the Greater Bay Area.

SZSE has held the IT Conference for seven consecutive years since 2017. This is the second conference after expansion and upgrading into the IT Conference for the Greater Bay Area Exchanges. During the one- and a half-day conference, guests shared transaction settlement technologies, financial AI, digitalization, financial big data, regulatory compliance, etc. and discussed the digital development and application of the industry and the latest achievements.