Securities index becomes Nanshan’s new calling card

Representatives ring the bell in union at the listing ceremony for the National Securities ‘Nanshan 50’ Index on Dec 31, 2019. [Photo/sznews.com.cn]

The National Securities “Nanshan 50” Index was released on the Shenzhen Stock Exchange (SZSE) on Dec 31, 2019.

The index comprehensively examines a company by its market value, industry representativeness and innovation influence, and it has selected 50 companies in Shenzhen’s Nanshan district as sample stocks.

The development of listed companies reflects the ability of a region to use capital markets for economic promotion. Nanshan, a well-known economic hub with leading technological and innovation strengths in the country, began with a group of industrial heavy-weights such as Huawei, Tencent, ZTE, and Mindray.

It developed a development strategy of “Science and Technology Innovation plus Headquarters Economy”, and has become the backbone of the region’s high-quality growth.

At present, Nanshan has 164 listed companies (including 108 listed on the SZSE), which is the highest concentration of listed companies in China.

Emerging industries of information technology, medicine and health account for more than 65 percent of the 50 picked enterprises. They have obvious industry characteristics and strong capacity for investment, and set benchmarks for Shenzhen’s and even the country’s innovation-driven high-tech companies.

At the event, eight companies such as Dacheng Fund and Shenzhen Securities Information Company signed a cooperative agreement on the “Nanshan 50” index products.

The SZSE will actively enrich the index and product system, guiding medium-and-long-term capital allocation of superior assets and tightening regional economic and capital market links to promote high-quality development of the capital market.

Behind the leading “Nanshan 50” is the super comprehensive competitiveness of the district.

In 2018, the district was awarded the "Innovation Leadership Award" of the first China Business Environment Assessment, and ranked first in the municipal jurisdiction of the country.

Nanshan also won the 2019 “Demonstration Leadership Award” and “Government Service Innovation Award” for business environment. It has been ranked among the “Top 100 Comprehensive Competitiveness of China's Urban Areas” for two consecutive years.

In order to better cultivate and serve listed companies, the district set up a leading group for enterprise listing incubation projects with a full-process service chain, and launched a series of precise favorable policies like listing financing rewards, listing promotion loans, liquid loans, mergers and restructuring loan discounts and office subsidies.

The Nanshan District Science and Technology Union Building laid its foundation stone on Aug 23, 2019, suggesting that the district’s first headquarters joint construction model has taken root.

Further measures have been fully rolled out. Among them, Nanshan recently designated four best-quality plots to attract big and excellent businesses from around the world.