The 2019 Zhongguancun Forum-Capital Market Parallel Forum was held in Changchun Hall of the Zhongguancun Exhibition Center on the morning of October 18, 2019. Jointly sponsored by the Beijing Municipal Bureau of Financial Work, Zhongguancun Management Committee and Zhongguancun Development Group, it was undertaken by Beijing Qiyuan Capital Market Development Service Co., Ltd. and supported in part by the Beijing Zhongguancun Branch of the Industrial and Commercial Bank of China and the Beijing Center for Development and Exchange of Science and Technology.

Li Zhigang, deputy director of the Beijing Municipal Bureau of Financial Work, said that China's capital market is in the forefront of the world after nearly 30 years of development, but the system still needs to be improved. The development of multi-level capital markets can support enterprises at different stages of development, enabling all types to access direct financing.

Zhao Changshan, chairman of Zhongguancun Development Group, hosts the forum. [Photo provided to chinadaily.com.cn]

Zhao Changshan, Chairman of Zhongguancun Development Group, lauded the success of the forum in a speech. At present, Beijing is trying to become a globally influential science and technology innovation center and to promote high-quality financial development. How to effectively use multi-level capital markets to promote technological innovation has become an urgent problem. This forum, with its theme of Multi-level capital markets help science and technology innovation and development, has a strong practical significance.

The newly established Expert Committee for Beijing Enterprise Listing Comprehensive Service Platform and Zhang Shuqing, Chairman of Beijing Qiyuan Capital Market Development Service Co., Ltd. released the TOP100 technological innovation enterprises and the empowerment plan.

The Beijing Enterprise Listing Comprehensive Service Platform was set up to implement the Opinions of the General Office of Beijing Municipal People's Government on Further Supporting the Listing of Enterprises, and to promote the construction of a multi-level capital market in the capital. Qiyuan Capital has successively designed and built an Enterprise Big Data Analysis System and a Key Cultivated Enterprise Library, and formulated a comprehensive evaluation index system that can effectively evaluate enterprises’ scientific and technological innovation capacity and overall operations.

Pan Xuexian, Chairman of the Board of Supervisors of the Shanghai Stock Exchange, Yang Zhihua, Chairman of the Board of Supervisors of the Shenzhen Stock Exchange, Xu Ming, General Manager of the National Equities Exchange and Quotations, Xu Chunmeng, Chief Representative of the Beijing Office of the Hong Kong Stock Exchange and others shared ideas on the development orientation of the Beijing Science and Technology Innovation Center, the core objectives of the modern financial industry matching the status of capital, the construction of the multi-level capital market system and the financial ecological environment, and the enhancement of Beijing's financial market resource allocation capabilities.

In a round-table dialogue hosted by Duan Hongwei, executive director of Zhongguancun Finance Group, Xie Yi, Director of Asia Pacific, London Stock Exchange, Chen Qing, Managing Director and Senior Director of China of Silicon Valley Bank, Cheng Jiuyan, Executive Director of Beijing Equity Trading Center, Li Xudong, Managing Director of Investment Bank of CSC Financial Company, Pan Duansheng, President of the Beijing Zhongguancun Sub-branch of the Industrial and Commercial Bank of China, and Lin Changqing, Partner of Beijing Cornerstone Capital, share opinions and conduct exchanges on Capital Drive and Technology Innovation.