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Shanghai Stock Exchange sets up capital market service base on Hainan

The base will provide customized services to companies looking to join the capital market and list their shares on Shanghai Stock Exchange

HAIKOU, August 24. /TASS/. The Hainan government teamed up with Shanghai Stock Exchange to establish a capital market service base in the province's free trade port. The corresponding memorandum, according to www.hinews.cn, has already been signed by the parties concerned.

The deal to set up this service base is part of the fourth group of key Hainan Free Trade Port projects for 2021, agreements on which were signed on August 20. The memorandum stipulates that the capital market service base will act as the provincial branch of Shanghai Stock Exchange. Its mission will be to provide comprehensive services, including restructuring and listing, mergers and acquisitions, corporate bond issues and asset protection, as well as work on public REITs for major companies. What is more, the specialists of the base will help Hainan in the study and implementation of the mechanism of cross-border capital movement.

The relevant structure, the news outlet writes, will also be able to assist Shanghai Stock Exchange in finding companies with development potential on Hainan. The base will provide customized services to companies looking to join the capital market and list their shares on Shanghai Stock Exchange.

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