The international influence of the Shenzhen Index continues to expand

Recently, Shenzhen Stock Exchange and Tailandia Stock Exchange carried out cooperation on the display of index quotations. Shenzhen Stock Exchange displayed six index quotations through the SETTRADE website of Thailand Stock Exchange, specifically: three core indexes of Shenzhen Stock Exchange (including Shenzhen Stock Exchange benchmark index: Shenzhen Stock Exchange Index, representative index of "innovation growth": GEM index, representative index of "innovation blue chip": Shenzhen Stock Exchange 100) Two A-share market characteristic broad base indices (including China Securities A50 and China Securities 2000, which are industry leading enterprises and benchmark indices for small cap stocks), and one cross-border index, Wan Chuang 100 (aimed at reflecting the advantages and innovative development characteristics of listed enterprise clusters in the Guangdong Hong Kong Macao Greater Bay Area). At the same time, Thailand Stock Exchange displayed the market benchmark index SET composite index, blue chip index SET50 index, Thailand sustainable investment index SETTHSI index and other three core indexes through the national securities index network.

"The cooperation in the display of index quotations is conducive to opening up investors' investment channels and achieving diversified cross-border asset allocation." Chen Li, chief economist of Sichuan Finance Securities and director of the research institute, said that an open and diversified Chinese capital market has always been an important goal of reform. It is of great significance to strengthen cooperation with the markets of countries along the "the Belt and Road" and unblock their pilot investment and financing channels. The exhibition and cooperation of the index will further enhance the international influence of the Shenzhen Stock Exchange Index, facilitate international investors to pay attention to the Shenzhen Stock Exchange Index and allocate relevant products, deepen practical cooperation with the ASEAN capital market, and better serve the high-quality development of the "the Belt and Road".

It is reported that international cooperation on the Shenzhen Stock Index has been continuously deepening and advancing in recent years. Shenzhen Stock Exchange and Thailand Stock Exchange signed a memorandum of understanding on cooperation for the first time in November 2009, and signed a new round of memorandum of understanding on cooperation in April 2019, focusing on cross-border investment and financing docking mechanism, green finance, index and index products and other fields of cooperation. In the early stage, based on the Science and Technology Integration Platform of Shenzhen Stock Exchange, we collaborated with the Thai Stock Exchange and market institutions of both countries to organize roadshows and exchanges between listed companies in advantageous industries on the Thai Stock Exchange, listed companies on the Shenzhen Stock Exchange, and domestic investment institutions. We also established an information display zone, providing display channels for 37 listed companies on the Thai Stock Exchange, and promoting the docking of small and medium-sized enterprises in key fields and innovative capital in both countries.

Tian Lihui, Vice President of Guangxi University, believes that, The cooperation between the Shanghai Shenzhen Stock Exchange and the Thai Stock Exchange is a new progress in China ASEAN financial cooperation, opening a new stage of China ASEAN capital market cooperation. The mutual display of indices can promote ASEAN investors to pay more attention to China's capital market, and also promote Chinese investors to pay attention to the development of ASEAN countries' capital markets, thereby promoting mutual recognition and trust between the two sides and gradually moving towards win-win cooperation. China needs to further optimize relevant trading systems We will effectively carry out in-depth capital market connectivity with ASEAN countries, thereby promoting financial cooperation, economic and trade exchanges, and political mutual assistance between China and ASEAN.

In recent years, the international influence of the Shenzhen Stock Index has continued to improve. According to the relevant person in charge of the Shenzhen Stock Exchange, Shenzhen Securities Information Co., Ltd., a subsidiary of the Shenzhen Stock Exchange, actively explores the cross-border cooperation model of indexes that are "replicable and easy to promote". In recent years, it has explored cooperation in the index field with more than 10 overseas exchanges, such as the Singapur Exchange, the Japón Stock Exchange Group and the London Stock Exchange Group, or reached an intention of index cooperation. In addition to the cooperation on the display of the index market, Shenzhen Securities Information deeply cultivated the capital markets of the countries and regions along the "the Belt and Road", supported the construction of the local stock market index, and jointly launched cross-border composite indexes such as the National Securities and Dhaka Selected Index, the National Securities and Malasia 50 Index, to provide the local market with investment benchmarks and index product targets. At the same time, the Shenzhen Stock Exchange continues to enrich the overseas fund product series of the Shenzhen Stock Exchange Index, and has successively listed index products in countries such as South Korea, Japan, Singapore, and the Estados Unidos, with the ChiNext Index, Shenzhen Stock Exchange 100, Wan Chuang 100, and other Shenzhen Stock Exchange characteristic indices as the targets.

It is reported that the Shenzhen Stock Exchange will deepen reform, expand opening up, enrich and expand cross-border product connectivity mechanisms, continuously strengthen infrastructure cross-border connectivity, improve the normalization service mechanism for overseas medium and long-term investors, further promote broad and high-level cooperation with overseas exchanges and market institutions, and better serve the high-level institutional two-way opening of China's capital market.