China Resources Group and Shenzhen Stock Exchange entered into strategic cooperation agreement
2020-10-16,General Office,Finance Department

On 15 October 2020, China Resources Group (“CR”) Chairman Wang Xiangming visited Wang Jianjun, Secretary of the Party Committee of the Shenzhen Stock Exchange, to share their views of establishing a holistic strategic partnership, which resulted in consensus broadly. They also witness the signing of the strategic cooperation agreement between CR and Shenzhen Stock Exchange.

In the discussion, Secretary Wang Jianjun introduced the history of the Shenzhen Stock Exchange while adding that the bourse has been adhering to the spirits of daring to try, daring to be the first and being hardworking are instrumental to its reform and innovations over the past three decades, helping many state-owned enterprises to grow and excel through capital market as well as facilitating the reform of state-owned enterprises and innovation of the investment and financing system mechanism. The Shenzhen Stock Exchange will strengthen the collaboration with CR in terms of both intensity and scope, and fully support CR in carrying out various capital operations in Shenzhen capital market, as well as to help CR devise its world-class organizational development strategy.

Chairman Wang Xiangming also introduced CR’s five business divisions and their latest developments and innovations. He reiterated that CR and Shenzhen Stock Exchange will implement the spirit conveyed in General Secretary Xi Jinping's important speech at the 40th anniversary celebration of the establishment of the Shenzhen Special Economic Zone on the back of their broad and solid collaboration. As a concrete initiative to implement the spirit of the conference, the signing of the strategic cooperation agreement will further deepen the cooperation, strengthen the connection and fully utilize the capital market at a strategic level to safeguard enterprises during the reform and innovation process. It also creates an innovative model for investment and financing system and actively serves the Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen, an exemplary area of socialism with Chinese characteristics.

After the meeting, CR Vice General Manager Li Fuli and Shenzhen Stock Exchange Deputy General Manager Li Hui signed the strategic cooperation agreement on behalf of both parties, as witnessed by Chairman Wang Xiangming, Secretary Wang Jianjun and representatives from CR and Shenzhen Stock Exchange.

According to the agreement, both parties will leverage their advantages in information services and communications, incubation of listed companies and capital operations, development of diverse financing channels and docking of service industry and finance platform to strengthen cooperation.