National central cities cannot be without high-end featured industries and giant enterprises, which should not be simply introduced but be created based on the building of industrial clusters and ecosystem. The financial industry is just one of the most active sectors of the entire industrial ecosystem.

Jin Liyang, deputy general manager of Shenzhen Stock Exchange (SZSE), made the remarks at the Industrial Development Conference for National Central City, Chengdu on Sunday.

According to him, Southwest China's Chengdu is in an advantageous position when it comes to innovative resources. A large number of innovative enterprises could serve as reserve resources of listed enterprises. Innovation could spearhead the growth of the city's financial sector.

"A full-cycle, multi-layered service system that covers the entire chain is taking initial shape in China. In particular, IPO normalization is expected to bring the best ever opportunities to China's financial industry," Jin noted. Based on this, Chengdu is able to release its potentials fully.

Under such circumstances, Chengdu is endeavoring to create the best possible development environment for the financial sector. For instance, the city is urging Shanghai Stock Exchange and Shenzhen Stock Exchange to open western centers, with an aim to strengthen its functions as a financial center of West China and increase the direct financing rate of enterprises to more than 60 percent by 2020.

Jin said that Shenzhen Stock Exchange is preparing to build a capital market service base in Chengdu to meet diverse demands of enterprises in west China at different stages. 



Editor: Lan Suying