After agreement from the State Council, Hong Kong and Guangdong signed the 2010 Framework Cooperation Agreement between Hong Kong and Guangdong, which established a clear cooperation mechanism for both sides. The development framework plan, announced by the central government in February 2019, marked a new stage in cooperation between Hong Kong and Guangdong in the development of the Great Bay. Enditem Next, SZSE will study in detail and establish the guiding principles of Secretary-General Xi Jinping`s important speech on the occasion of the celebrations of the 40th anniversary of the creation of the Shenzhen Special Economic Zone. As part of the reform of ChiNext`s Board of Directors and the registration-based IPO pilot project, SZSE will deepen the major task of deepening capital market reform on all sides and the list of first authorized objects for the pilot demonstration area and will apply the concept of pilot demonstration site setting up and pilot project requirements in all aspects of the work. SZSE will support the listing and development of quality companies, including SOEs and central SOEs, improve the overall effectiveness of SOE reform and facilitate the dissemination of technologies, capital and the real economy at a high level. SZSE will do everything in its power to become a capital center of high quality innovation and high-quality exchange, striving to contribute more to the construction of the Greater Bay guangdong-Hong Kong-Macao Bay area and Shenzhen`s pilot demonstration area of Chinese-style socialism. The 2020 work plan covers a wide range of issues in eight important areas, namely cross-border infrastructure development and the facilitation of customs clearance; The joint development of an international centre for innovation and technology; promote cooperation in modern service sectors (including cooperation in the financial services sector and professional services, as well as cooperation in the cultural and tourism sectors); Promote cooperation in the areas of education, talent and youth; The development of an internationalized business environment; The joint development of a quality life circle Joint participation in the Belt and Road Initiative; and promote the development of important cooperation platforms. On 15 October, Shenzhen Stock Exchange (SZSE) and China Resources (Holdings) Co., Ltd. (CR) signed a framework agreement on strategic cooperation. The two sides discussed at length capital market support for reforms of public assets and state-owned enterprises, accelerated integration into the new “dual circulation” development model, improved the integrated development systems and mechanisms of the innovation chain and industrial chain, were used to build the Guangdong-Hong Kong Bay macao area and the Shenzhen pilot demonstration zone from socialism to the Chinese characteristics, etc. Participants in these activities included SZSE Party Secretary and President Wang Jianjun and CR President Wang Xiangming. Two major work plans to promote closer cooperation between Guangdong, Hong Kong and Macau were published in May this year. These would be the first updates to the Guangdong-Hong Kong and Guangdong-Macaau framework agreements since the release on 18 February of the Guangdong-Hong Kong-Macao Grande Bay Area development framework plan, so their recommendations will be particularly important under the CCM.