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SSE base unveiled in Nansha to serve local capital market

Updated: 2020-10-22 chinadaily.com.cn

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The launching ceremony of SSE's capital market service base for the Guangdong-Hong Kong-Macao Greater Bay Area in Nansha. [Photo/gznsnews.com.cn]

The Shanghai Stock Exchange's (SSE) capital market service base for the Guangdong-Hong Kong-Macao Greater Bay Area unveiled its plaque on Oct 21 in Guangzhou's Nansha district, adding a new financial service platform for the Greater Bay Area.

Jointly built by SSE, the Guangzhou financial supervision and management bureau, as well as the Administrative Committee of the Nansha Development Zone, the base will organize various kinds of distinctive activities to further increase capital market service capability and establish a capital market ecosystem serving innovative companies in the Greater Bay Area.

"The center will carry out normalization, systematization, and standardization events with the help of the base to build a comprehensive service platform for the capital market serving the Greater Bay Area," said Wan Jianqiang, general manager of SSE's South Center in Guangzhou.

"We hope that we can cultivate more high-quality scientific innovation companies in Guangzhou to inject new vitality into economic development and promote industry transformation and upgrading in the Greater Bay Area," said Xu Xiubin, deputy director of the Guangzhou financial supervision and management bureau. 

Guangzhou has seen rapid and steady growth in capital market development as the city has cultivated 195 companies that are listed on domestic or overseas markets, with an aggregate market value of 3.3 trillion yuan ($494.98 billion).


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