Zhongguancun launches Scientific and Technological Innovation New Blue Chip Operation

The launch ceremony of the Zhongguancun Scientific and Technological Innovation New Blue Chip Operation, co-sponsored by the Administrative Committee of Zhongguancun Science Park and Shanghai Stock Exchange, and undertaken by Zhongguancun Longmen Accelerator, was held at the Exhibition and Transfer Center of Zhongguancun Innovation Demonstration Zone on May 16.

At the event, the Administrative Committee of Zhongguancun Science Park and the Shanghai Stock Exchange signed a memorandum of strategic cooperation and officially launched the Zhongguancun Scientific and Technological Innovation New Blue Chip Operation.

The Administrative Committee of Zhongguancun Science Park and Shanghai Stock Exchange sign the Memorandum of Strategic Cooperation. [Photo provided to chinadaily.com.cn]

Zhai Lixin, Director of the Administrative Committee of Zhongguancun Science Park. [Photo provided to chinadaily.com.cn] 

Zhai Lixin said that the Zhongguancun Scientific and Technological Innovation New Blue Chip Operation is being jointly carried out by the Administrative Committee of Zhongguancun Science Park and the Shanghai Stock Exchange. Facing the establishment of the science and technology innovation board and pilot registration system, it will continuously promote Zhongguancun enterprises to list on the science and technology innovation board.

The two sides will jointly push forward the construction of Zhongguancun Science and Technology Innovation Board Reserve Enterprise Library and Zhongguancun Longmen Training Camp, continuously excavate and cultivate scientific and technological innovation enterprises that meet set standards, strengthen the Zhongguancun Board in the capital market, and serve the development of high-grade, precise and advanced industries in the demonstration zone.

Pan Xuexian, chief supervisor of Shanghai Stock Exchange, introduced the overall work progress of the science and technology innovation board of Shanghai Stock Exchange, saying that the construction of the science and technology innovation board needs to include creating a good ecology.

He noted that Zhongguancun is an important cluster for scientific and technological innovation resources in China, Shanghai Stock Exchange and the Administrative Committee of Zhongguancun Science Park will cultivate the market resources of the science and technology innovation board and accelerate the entry of high-quality enterprises into it.

They will also strongly support eligible enterprises to list on the Shanghai Stock Exchange, thus promoting the capital's high-quality economic development, Pan stated.

Liu Yinchun, deputy secretary-general of the Beijing Municipal Government, pointed out that it is necessary to fully understand the significance of setting up the science and technology innovation board and to focus on supporting the listing and development of hard and core science and technology enterprises in line with national strategic areas while improving the construction of a multi-level capital market service system.

All parties should support the listing and development of scientific and technological innovation enterprises, strengthen overall planning and coordination, give full play to their advantages, and serve the construction of a national science and technology innovation center in Beijing, he added.

Zhongguancun Longmen Camp is officially launched. [Photo provided to chinadaily.com.cn]

After the ceremony, the mentors of Longmen Training Camp gave their first lecture for key target enterprises using the science and technology innovation board. The launch of the New Blue Chip Operation, along with the opening of the Zhongguancun Longmen Training Camp, will further enhance the service capabilities of science and technology innovation enterprises, continuously encourage Zhongguancun enterprises to go public on the science and technology innovation board, and promote the construction of a national science and technology innovation center in Beijing.

A total of 200 people attended the launch ceremony, including responsible comrades from the Municipal Financial Supervision Bureau, Zhongguancun Development Group, Zhongguancun Sub-park Administrative Committee and other departments, financial intermediaries such as Zhongguancun Entrepreneur Advisory Committee, Zhongguancun Listed Company Association, securities companies, investment institutions, accounting firms and representatives of scientific and technological innovation enterprises selected for Zhongguancun Longmen Camp.