Hefei tech zone extends links with Shenzhen stock market

The Hefei National High-tech Industry Development Zone, or Hefei high-tech zone – located in Hefei, capital of East China's Anhui province – recently inked an important document.

It signed a memorandum of understanding, or MOU on Sept 25 with the Shenzhen Stock Exchange, or SZSE – situated in South China's Guangdong province – to deepen their strategic cooperation.

The signing ceremony takes place in Shenzhen on Sept 25. [Photo/gxq.hefei.gov.cn]

To date, 16 enterprises from the zone have listed on the SZSE. Two of them – Sungrow Power Supply Co Ltd and iFlytek – each have a market value of over 100 billion yuan ($13.9 billion).

The MOU paves the way for a continued commitment to cooperation and mutual benefit between the two parties.

The Hefei high-tech zone has been actively promoting the development of its multi-level capital market. With the support of the SZSE, it's presided over significant growth, attracting investment and fostering innovation.

This latest agreement builds upon the existing accord between the two.

In 2017, they collaborated on providing comprehensive services to sci-tech innovation companies. The success of this initiative positioned the Hefei zone as a top destination for investment and financing in the high-tech sector.

Under the new agreement, it and the stock exchange will work together in various areas – including information exchanges, developing companies and the utilization of diverse finance channels.

The goal is to establish a long-term, stable and mutually beneficial strategic partnership.