Xi'an Leaders Meet SSE Chairman, Agree on Cooperation for Listings, Bonds and REITs

On August 13, Xi'an Party Secretary Hao Huijie and Mayor Ye Niuping met with Qiu Yong, Party Secretary and Chairman of the Shanghai Stock Exchange (SSE), and his delegation. The two sides exchanged views on deepening strategic cooperation, improving regular communication mechanisms, and promoting Xi'an's cultivation and utilization of multi-level capital markets.

During the talks, the two sides proposed several areas of cooperation: leveraging the SSE's platform advantages to provide guidance for Xi'an enterprises in listing preparation, policy consultation, professional training, and issuance of infrastructure REITs; advancing project matchmaking on a regular basis to encourage more Xi'an enterprises to issue bonds on the SSE, thereby broadening direct financing channels; utilizing the STAR Market to support Xi'an's hard-tech enterprises in improving modern corporate governance and enhancing their capabilities in research, production, and market expansion; guiding listed companies in Xi'an to operate in a standardized and trustworthy manner; and strengthening talent exchange and training cooperation to cultivate capital market professionals.

Qiu Yong briefed the meeting on the SSE's operations, noting that Xi'an is a science and technology innovation center in western China, with abundant educational and research resources and distinctive hard-tech characteristics. He said the vision of the 15th Five-Year Plan aligns with the SSE's development direction. The SSE will leverage its comprehensive strengths to facilitate the connection between capital markets and the real economy, helping quality Xi'an enterprises grow through capital market development.