Per reporter: Zhang Yi Per editor: Yang Huan
Image source: Photo by reporter Zhang Jian
On October 21, as the highlight of the 2021 Chengdu Global Innovation Fair, the 2021 China Capital Innovation Chengdu Summit kicked off. The summit invited Zhu Guangyao, Ba Shusong, Fan Gang, Liu Jipeng, Zhu Ning and other well-known economists, the Shanghai Stock Exchange, Shenzhen Stock Exchange, the New Third Board and other three major domestic stock exchanges, Guofu Capital, Sino Analytica Capital, Orient Wealth Securities, Dima Shares and other well-known domestic venture capital institutions, listed company executives, around the theme of "diversified capital innovation and multi-dimensional financial supply", to discuss capital innovation to help enterprises develop with high quality. Ouyang Zehua, vice chairman of the Sichuan Provincial Committee of the Chinese People's Political Consultative Conference and director of the Provincial Local Financial Supervision Bureau, and Gan Huatian, vice chairman of the Chengdu Municipal Committee of the Chinese People's Political Consultative Conference, attended the summit and delivered speeches.
The event was hosted by the Chengdu Municipal People's Government, and jointly organized by chengdu local financial supervision and administration bureau, the western base of the Shanghai Stock Exchange capital market service, the western base of the Shenzhen Stock Exchange, and the southwest base of the national small and medium-sized enterprise share transfer system.
<h2>Five economists gathered to discuss the innovation of diversified capital</h2>
Fan Gang, president of China (Shenzhen) Comprehensive Development Research Institute Image source: Per reporter Zhang Jian
In recent years, Focusing on the three main tasks of "serving the real economy, preventing and controlling financial risks, and deepening financial reform", Chengdu has strived to build a financial institution agglomeration center, a financial market and trading center, a financial technology and a back-office service center, developed a multi-level capital market and a venture capital financing market, adhered to the bottom line of not having systemic regional financial risks, and accelerated the improvement of the energy level of the western financial center.
"The number of listed companies in Chengdu, the number of enterprises under review and other important indicators rank first in the central and western regions." According to the person in charge of the Chengdu Local Financial Supervision and Administration Bureau, as of now, there are 124 domestic and foreign listed companies in Chengdu (including 97 A-share listed companies), 11 A-share enterprises to be issued; 15 new domestic and foreign listed companies (including 11 new A-shares, 3 new Hong Kong stocks, and 1 new NASDAQ), and 9 new A-share enterprises. The scale of private equity venture capital leads the central and western regions, with 388 private equity fund institutions registered in Chengdu, with a management scale of 157.424 billion yuan and 1577 projects, of which more than 40% of the projects landed in Chengdu, with an investment amount of 32.878 billion yuan.
At the summit, Zhu Guangyao, former vice minister of the Ministry of Finance and deputy director of the Office of the Central Leading Group for Financial and Economic Affairs, Ba Shusong, managing director of HKEX, chief Chinese economist and chief economist of the China Banking Association, Fan Gang, president of China (Shenzhen) Comprehensive Development Research Institute, Liu Jipeng, legal adviser of the State-owned Assets Supervision and Administration Commission of the State Council and dean of the Capital Finance Research Institute of China University of Political Science and Law, zhu Ning, vice president of Shanghai Advanced School of Finance and professor of finance of Shanghai Jiao Tong University, and other five economists discussed "multi-capital innovation and multi-dimensional financial supply". Provide intellectual support for Chengdu enterprises and chengdu's high-quality economic development.
Zhu Guangyao pointed out in his speech that as far as the development of China's capital market is concerned, it is necessary to continuously improve the governance level of the domestic capital market, improve the norms of capital market governance, and improve the maturity of the market. China's capital market is closely integrated with the global capital market, which is conducive to the healthy and sustainable development of China's economy and also to the economic and financial cooperation of international countries. Ba Shusong also believes that even under the impact of the epidemic and even under the influence of some local trade frictions, the global capital market has shown very strong vitality and tenacity, and such vitality and tenacity especially come from the new economy.
Focusing on the development of the real economy, Fan Gang proposed that it is necessary to promote economic growth through multi-dimensional financial supply, "it is not only in the final stage of listing that there is finance, from the beginning, from venture capital, venture capital, round after round of financing, round of loans, this is part of financial development, especially the financial form that supports innovation and entrepreneurship in the real economy." I think from the perspective of investment, from the perspective of development, from the perspective of innovation, the most important thing is these links. Liu Jipeng focused on the layout of China's stock exchange, pointing out that from the current strategic layout of China, the Shenzhen Stock Exchange is in the Pearl River Delta, the Shanghai Stock Exchange is in the Yangtze River Delta, and this time the North Stock Exchange is located in the Bohai Rim, which is equivalent to the establishment of exchanges in the east of the three horizontal axis belts.
Zhu Ning also proposed that the innovation empowerment of the capital market will play a very important role in the transformation of the national economic structure, for independent innovation, and for overcoming some core technical problems in the future. There are many enterprises in the western region that specialize in new fields and have obvious core competitiveness, and if they can better combine with the capital market, local incubation bases and government industrial funds, it will further promote the development of these enterprises.
<h2>The three major exchanges share the same stage to dialogue on capital market innovation</h2>
Roundtable Dialogue Image source: Photo by reporter Zhang Jian
In recent years, the Western Base of Capital Market Service of Shanghai Stock Exchange, the Western Base of Shenzhen Stock Exchange, and the Southwest Base of the National SME Share Transfer System have successively settled in Chengdu, China Europe International Exchange has set up the second capital market service base in Rong, and the Enterprise Cultivation Center (Western) of the Science and Technology Innovation Board has been established in Rong, and the infrastructure function of Chengdu's capital market has continued to improve. The person in charge of the Chengdu Local Financial Supervision and Administration Bureau told reporters that in order to help more enterprises to go public and raise funds, Chengdu has formed a "1 + X" financial policy support system, and has successively introduced special policies for economic securitization and high-quality development of listed companies, and is accelerating the introduction of relevant support policies for the listing of enterprises on the Beijing Stock Exchange.
At the summit, Liu Di, deputy general manager of the Shanghai Stock Exchange, Tang Rui, deputy general manager of the Shenzhen Stock Exchange, and Zhang Mei, deputy general manager of the National Small and Medium-sized Enterprise Share Transfer System Co., Ltd., shared the specific measures and achievements of the exchange in supporting the listing of innovative enterprises. Jin Xiaobin, Professor of Financial Practice at Oceanwide School of International Finance, Fudan University, took "Diversified Capital Innovation Helps Enterprises Develop High-quality Development" as the core topic, and together with Luo Feng, General Manager of the Central and Western Regions of the Market Development Department of the Shanghai Stock Exchange, Zhao Dawei, Senior Manager of the Western Base of the Shenzhen Stock Exchange, Fan Guanwei, Chief Representative of the Southwest Region of the National SME Share Transfer System Co., Ltd., Dai Yan, General Manager of Orient Wealth Securities Co., Ltd., and Liu Qi, Vice President of Dima Co., Ltd. and General Manager of Dima Industry, Focusing on how to promote the listing and development of scientific and technological innovation enterprises, it provides new ideas for Chengdu to better promote diversified capital innovation, improve the service system, and help enterprises develop with high quality.
<h2>Shuangchuang Financial Index Released Chengdu continues to lead the Central and Western Regions</h2>
The 5th issue of "China's 'Double Creation' Financial Index" (CIEFI) was released Image source: Photo by reporter Zhang Jian
At the summit, the 5th issue of the "China 'Double Creation' Financial Index" (CIEFI) was released, and Chengdu ranked sixth in the country and continued to lead the Central and Western Regions. Compiled by the team of the Institute of Finance of China (Shenzhen) Comprehensive Development Research Institute, a national high-end think tank, China 's "Double Creation" Financial Index (CIEFI) is an evaluation system that measures the level of financial development of major cities in China. According to the characteristics of financial demand of innovation and entrepreneurship activities, CIEFI systematically evaluates the development of financial service innovation and entrepreneurship in 337 cities at the prefecture level and above in China from four dimensions, including "double creation" financial institutions, "double creation" financial services, "double creation" financial performance and "double creation" financial ecology.
The top ten cities for "double creation" financial development in 2021 are Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou, Chengdu, Suzhou, Wuhan, Chongqing and Nanjing. With the advantages of comprehensive financial industry development, Hangzhou and Chengdu relying on excellent double-creation financial ecology, and Guangzhou providing strong support for their own "double-creation" financial development with the help of a strong market foundation.
In this issue, Chengdu's "Double Creation" financial comprehensive ranking ranked sixth in the country, and ranked among the top ten in the four sub-fields of double creation financial institutions, double creation financial services, double innovation financial performance and double innovation financial ecology. Among them, the performance of the shuangchuang financial ecology is particularly prominent, ranking 5th in the country in terms of score, second only to the four first-tier cities of Beijing, Shanghai, Shenzhen and Guangzhou. In 2020, the number of newly established market entities in Chengdu reached 618,200, and under the multiple influences of the epidemic and the increasing downward pressure on the economy, it still achieved contrarian growth, ranking second in the country and first in the western region.
It is understood that Chengdu has deeply implemented the innovation-driven development strategy, solidly promoted innovation and entrepreneurship to lead the action, and quickly become the "double creation" highland in western China, and the pace of exploring the development of "double innovation" financial innovation has accelerated, and a good development trend has been formed. As the most representative city of "double creation" financial development and support after the north, shanghai, shenzhen and guangzhou.
In 2020, Chengdu's comprehensive support for the financial policy of double creation is second only to Shenzhen in the country. Using big data technology, the keyword search and classification statistics of the policy texts related to financial support for innovation and entrepreneurship in 337 cities across the country show that Chengdu's effective policy search items for financial support for innovation and entrepreneurship reached 4689, second only to Shenzhen, and the number of policies and content coverage are far ahead of other cities in China.
<h2>Polishing the business card of the financial advisory service group And serving the high-quality development of enterprises</h2>
At the summit, the Chengde Meizi Financial Advisory Service Group issued a letter of appointment to the expert member units in 2021-2022, including financial institutions such as banks and securities companies, local financial organizations such as small loan guarantees, financial leasing, trading venues, and well-known experts from intermediary institutions such as law firms and accounting firms.
In October 2020, the Chengdu Local Financial Supervision and Administration Bureau, together with the Financial Work Bureaus of Deyang, Meishan and Ziyang, jointly established the Demei Financial Advisory Service Group to carry out personalized, differentiated and refined financial services for enterprises, focus on enhancing the economic capacity of financial service entities, effectively promote the high-quality development of the Chengde Meizi economy, and actively help the construction of the twin-city economic circle in Chengdu and Chongqing. In the past year, in accordance with the principle of "close to demand, active docking, and policy implementation of enterprises", the service group has actively carried out personalized, differentiated and refined financial services for enterprises, carried out 61 different series of online financial live broadcast activities, participated in the completion of 345 service projects such as credit delivery, supply chain financing, listing counseling, etc., and consulted more than 600 times, involving financing and credit amount of tens of billions of yuan.
After the summit, a "Jiaozi Star" theme salon and closed-door training meeting with the theme of "Capital Market Helps Chengdu's High-quality Economic Development" was also held.
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