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CBEX Financial Service (Shanghai) Co. Ltd. established

  On September 23, 2015, the plaque unveiling ceremony of CBEX Financial Service (Shanghai) Co. Ltd. was held in Shanghai. Sun Ping, member of the Standing Committee of the CPC Jin’an District Committee and deputy district mayor of Jing’an, Chao Kejian, member of the Standing Committee of the CPC Jin’an District and director of the United Front Work Department of the district, Yao Jiayong, secretary-general of Shanghai Municipal Office of Finance Service, Ling Wenjie, director of the Department of Financial Market of Beijing Municipal Bureau of Financial Work, Wu Ruchuan, secretary of the CPC CBEX Committee and chairman of CBEX and leaders of the related departments, commissions and offices of Jing’an District, directors of local governments and enterprises of Tianjin, Jilin and the Pearl River Delta, directors of the central enterprises in Shanghai, directors of financial institutes and friends from the Xinhua News Agency, CCTV and China Business Network and other media, totaling more than 100 people, attended the ceremony.

  Sun Ping said the establishment of the CBEX Financial Service (Shanghai) Co. Ltd. was an important strategic measure that CBEX serves the reform of state-owned enterprises and local economic and social development with the financial innovation. Sun expected that CBEX can, relying on its group operation in the element market, play an active role in development of the financial industry and construction of technological innovation centers of Shanghai. And Jing’an district government will create an agreeable development environment to fully support CBEX Financial Service (Shanghai) Co. Ltd. to root in Jing’an District and grow stronger there.

  Ling Wenjie first congratulated on the establishment of CBEX Financial Service (Shanghai) Co. Ltd. and expected the new company could make full exchanges with partners relying on Shanghai’s role as the financial center to seek common development and make greater contribution to the efforts of deepening reform in Shanghai and East China.

  Wu Ruchuan said the central government’s documents on deepening reform of state-owned enterprises have defined the role of the special capital market of equity exchange in the reform of state-owed assets. CBEX, a representative institute of the equity exchange market of China, has the responsibility to further strengthen the functions of the equity market, and provide more professional and comprehensive services so as to contribute to the reform of state-owned assets.

  As an important part of the “10 in 1” structure of the group operation framework of CBEX and an important platform of the financial services, CBEX Financial Service (Shanghai) Co. Ltd. will rely on Shanghai’s role as financial center and complete elements of financial market, focus on tapping and improving the market-based financing services to serve the central enterprises, local state-owned enterprises, and SMEs with high growth potential on the creditors’ rights, equity, financing and assets management with development of the investment banking, capital management, funds and Internet finance as the main businesses.

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