Qingdao, Shenzhen Stock Exchange sign cooperation deal

Updated: 2014-06-21

  Print Mail Large Medium  Small 0

The Qingdao municipal government and the Shenzhen Stock Exchange signed on June 21 a strategic cooperation agreement on jointly pushing forward construction of the city's wealth management comprehensive financial reform pilot zone.

Qingdao Mayor Zhang Xinqi and Song Liping, general manager of the Shenzhen Stock Exchange, signed the agreement at the ceremony.

Under the agreement, the two sides will join hands in advancing the development of Qingdao's wealth management pilot zone, as well as a multi-layer capital market. They will cooperate in cultivating potential listed companies and promoting the growth of companies that are already listed on the stock market.

The two sides will carry out cooperation at various levels in a variety of fields. They will conduct research on shaping a wealth management system with Chinese characteristics, jointly promoting the restructuring of Qingdao's enterprises and assisting them in getting listed on the stock market to raise the money needed for them to grow larger and stronger.

The two sides will also make good use of their own advantages, enhance information exchange and jointly build a comprehensive service platform for wealth management, offering services such as connecting capital circles, rating, developing wealth management indices, holding online roadshows, interactive exchange services, information disclosure, data, quotations and trading.

Moreover, they will jointly support the development of the China Inclusive Finance Research Center, which was founded last September at the Qingdao-based Ocean University of China. They will carry out theoretical and policy research in inclusive finance and related areas, including local finance, microfinance, agricultural finance and Internet finance.

The two sides will also promote the development of the Qingdao Blue Ocean Equity Exchange, which started business on April 18, and provide services like research and consultation, cultivation of listed companies, information servicing and technical support. They will explore businesses concerning private placement bonds.