Photo from Shenzhen Stock Exchange shows the signing of a strategic cooperation framework agreement between the bourse and the government of Zhuhai, south China's Guangdong Province on Wednesday.
BEIJING, Sept. 24 (Xinhua) -- Shenzhen Stock Exchange (SZSE) and the government of Zhuhai city in south China's Guangdong Province signed a strategic cooperation framework agreement on Wednesday and shared insights into promoting the development of the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) through capital market services, according to an announcement posted on the website of SZSE.
As one of the major cities in the Greater Bay Area, Zhuhai has been redoubling efforts to strengthen capital market construction and support competitive enterprises to go public.
SZSE has long been engaged in the cultivation of Zhuhai's capital market and both sides have maintained close contact and cooperation. The bourse has seen 26 listed enterprises with a total market value of 627.9 billion yuan from Zhuhai as of the end of August. Meanwhile, SZSE has supported 19 Zhuhai enterprises in issuing 28.5 billion yuan of corporate bonds and 16.8 billion yuan of asset securitization products.
The signing of the strategic agreement was another practical measure for SZSE and Zhuhai to further improve the mechanism for docking investment and financing based on previous cooperation.
According to the agreement, the two parties will intensify collaboration in such areas as cultivating enterprises qualified for listing, improve the quality of listed companies, developing fixed income products, and building technology-based financial service system.
SZSE said that it would continue to join hands with listed companies of Zhuhai to help the city build itself into an important hub for the development of the Greater Bay Area and a model of coastal economies. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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