According to the recently released "Outline of Shenzhen's 15th Five-Year Plan for National Economic and Social Development," the city aims to support the Shenzhen Stock Exchange in its development into a world-class exchange and to further deepen reforms of the ChiNext board.
The plan outlines measures to enhance the "green channel" mechanism for reviewing bond financing for scientific and technological innovation. It also seeks to optimize the market-making and trading system for sci-tech innovation bonds, with the goal of rapidly expanding the outstanding scale of these bonds as well as bonds issued by private companies.
Furthermore, the plan supports the Qianhai Equity Exchange in building a high-level incubation base for companies seeking listing. It aims to facilitate the inclusion of innovative and specialized "little giant" SMEs in dedicated cultivation boards and to streamline the "green channel" mechanism for transferring listings from the Qianhai Equity Exchange to the National Equities Exchange and Quotations (NEEQ) system.
Support is also provided for the Qianhai United Exchange to improve its integrated spot and futures business operations. By 2030, the plan targets having 5,000 enterprises listed on the "little giant" specialized board of the Qianhai Equity Exchange.
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