Group 1 - Shenzhen has transformed its financial industry from a nascent state to a robust engine supporting economic growth over 45 years, marked by significant reforms and innovations [2][4][6] - The city has pioneered several "firsts" in China's financial history, including the first foreign bank branch, the first joint-stock commercial bank, and the first securities company, contributing to the financial reform experience in China [6][7] - As of July 2025, the Shenzhen Stock Exchange has 2,873 listed companies with a total market capitalization of approximately 36.72 trillion yuan, showcasing its role as a critical player in China's capital market [6][9] Group 2 - Shenzhen's financial industry has seen exponential growth, with the total market value reaching 3.26 trillion yuan by the end of 2024, and the financial sector's value-added increasing from 30.57 billion yuan in 2005 to 471.05 billion yuan in 2024, accounting for 15.2% of GDP [7][8] - The balance of loans from financial institutions in Shenzhen surged from 3.39 trillion yuan in September 2016 to 9.85 trillion yuan by June 2025, with significant growth in technology, inclusive small and micro loans, and green loans [8][9] Group 3 - Shenzhen has emerged as a global financial center, ranking third in the world for financial technology, according to the Global Financial Centers Index, with significant advancements in fintech integration into the real economy [10][11] - The city has implemented supportive policies for fintech development, creating a comprehensive support system for technology research, application scenarios, and talent cultivation [11][12] Group 4 - As a core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen is enhancing cross-border financial integration, facilitating over 1,700 companies in cross-border trade and investment with a business scale exceeding 170 billion USD [14][15] - The "Cross-Border Wealth Management Connect" initiative has positioned Shenzhen as a leading city for cross-border financial services, with significant growth in cross-border RMB transactions [15][16] Group 5 - Shenzhen's financial ecosystem is evolving with a focus on green finance, exploring the establishment of a carbon trading market, and innovating in green credit and bonds [16] - The city is also testing higher levels of cross-border financial regulatory sandboxes to facilitate foreign investment, while integrating new technologies like AI and the metaverse into financial services [16]

南都·湾财社记者获悉，深圳证券交易所原党委书记、理事长（副部级）、第十一届全国政协委员陈东 征同志于6月9日因病逝世，享年74岁。 图源网络 履历显示，1987年到1997年间，陈东征曾在国务院办公厅工作十年之久，历任处长、副局长；1997年5 月，陈东征踏足证券监管领域，担任中国证监会副主席。 2001年10月，陈东征南下深圳，出任深圳证券交易所党委书记、理事长，并在此任职长达13年，成为深 交所历史上任期最长的理事长。直至2014年9月，由于年龄原因，陈东征方才卸任深圳证券交易所党委 书记、理事长职务。 陈东征任职深交所的十多年间，正值中国经济经历了深刻的转型和发展，中国股市也历经巨大波动和深 刻的制度变革，深交所亦经历了低谷期和机遇期。 上任深交所理事长不久，深交所就面临了创业板推出意外受阻、主板三年新股停发的尴尬局面。对此， 陈东征带领深交所提出"创业板分步走"的策略，于2004年推出了中小企业板，并很快将这一板块打造成 为"诚信之板""成长之板"和"回报之板"。 此举不但扭转了深交所在市场竞争中的不利局面，更奠定了深交所服务于广大中小企业的发展方向，深 圳市场也因此迎来了大转折。 中小板平稳运行五年 ...

Core Insights - The article highlights the significant contributions of Chen Dongzheng to the development of China's capital market, particularly during his tenure as Vice Chairman of the China Securities Regulatory Commission and Chairman of the Shenzhen Stock Exchange [3][4][5] Group 1: Contributions to the Shenzhen Stock Exchange - Chen Dongzheng played a crucial role in leading the Shenzhen Stock Exchange out of a challenging period, particularly during the three-year suspension of new stock listings on the main board and the difficulties in launching the Growth Enterprise Market [3][5] - Under his leadership, the Shenzhen Stock Exchange proposed a strategic plan for the establishment of the SME Board, focusing on supporting small and medium-sized enterprises (SMEs) without altering existing market regulations [4][5] - The establishment of the SME Board in May 2004 was a pivotal moment, aimed at addressing the financing difficulties faced by SMEs and revitalizing the Shenzhen market [5][6] Group 2: Focus on Innovation and Support for SMEs - Chen Dongzheng emphasized the importance of supporting the real economy and addressing the financing challenges faced by SMEs, which led to the organization of annual financing forums in Shenzhen for nine consecutive years [6][7] - The launch of the Growth Enterprise Market in October 2009 marked a significant achievement, with the first batch of 28 innovative companies listed, contributing to the market's growth and innovation [7][8] - Chen's vision for a multi-tiered capital market aimed to enhance support for SMEs and stimulate private capital, which he viewed as a natural outcome of China's economic development [8] Group 3: Balancing Regulation and Market Dynamics - Chen Dongzheng's leadership style combined firmness with empathy, as he likened the Growth Enterprise Market to a child that requires nurturing and support to grow [9] - He advocated for a regulatory approach that enhances market transparency and accountability, recognizing the need for a balance between strict oversight and market dynamics [9] - Chen's reflections on the regulatory framework indicated a shift towards more transparent methods of market supervision to improve market constraints and governance [9]

Core Viewpoint - The article commemorates the contributions of Chen Dongzheng, former Vice Chairman of the China Securities Regulatory Commission and former Chairman of the Shenzhen Stock Exchange, highlighting his pivotal role in the development of China's capital market over 17 years [1][3]. Group 1: Contributions to Shenzhen Stock Exchange - Chen Dongzheng led the Shenzhen Stock Exchange (SZSE) for 14 years, during which he navigated significant challenges, including the stalled launch of the Growth Enterprise Market and a three-year halt on new stock listings [4]. - Under his leadership, the SZSE proposed the establishment of the SME Board in 2002, focusing on serving small and medium-sized enterprises (SMEs) while adhering to existing market regulations [4][5]. - The SME Board was officially approved by the State Council in May 2004, addressing the financing difficulties faced by SMEs and contributing to China's economic development [5]. Group 2: Innovation and Market Development - Chen Dongzheng emphasized the importance of supporting the real economy through the capital market, particularly for SMEs and innovative enterprises [7][8]. - He organized the SME Financing Forum for nine consecutive years to foster dialogue and consensus on financing issues, which contributed to the successful launch of the ChiNext board in October 2009 [7]. - The ChiNext board has since become a hub for over a thousand high-tech companies, with a total market capitalization exceeding 13 trillion yuan [7]. Group 3: Regulatory Approach and Market Balance - Chen Dongzheng advocated for a balanced regulatory approach, recognizing the need for transparency and market constraints rather than solely relying on administrative measures [10][11]. - He acknowledged the challenges faced by the ChiNext board, likening it to a child that requires nurturing and a conducive environment for growth [10]. - His leadership style combined firmness with empathy, aiming to enhance market transparency and regulatory effectiveness to foster a healthier capital market [11].