SSE to set up capital market service base in the Hainan FTP

The People's Government of Hainan Province has signed a strategic cooperation memorandum with the Shanghai Stock Exchange (SSE) to build a capital market service base in the Hainan Free Trade Port. This base is part of the fourth group of key projects for the Hainan Free Trade Port in 2021, which were all signed on August 20.

According to the memorandum, the capital market service base will serve as a special branch of the SSE in Hainan, providing comprehensive services including restructuring and listing, mergers and acquisitions, issuance of corporate bonds and asset securitization, and public REITs for key enterprises, as well as assisting Hainan in exploring the research and implementation of a cross-border capital flow mechanism.

(New Hainan App)

The base will allow the SSE to cooperate with Hainan in finding companies with development potential. By organizing seminars and training sessions, the base will provide customized services for companies looking to connect with the capital market, and promote eligible enterprises to be listed on the SSE.

Meanwhile, the provincial government will support close cooperation between the SSE and Hainan University in order to offer systematic capital market courses, which will nurture rising local financial talents.