The China Securities Regulatory Commission said that strategic emerging industries such as energy conservation and environmental protection are of great significance to China's economic transformation and upgrading. At the same time, energy conservation and environmental protection projects have many characteristics such as large capital demand, long recovery period and slow capital turnover. Most energy conservation and environmental protection enterprises are light assets and technology-intensive small and micro enterprises. It is difficult to obtain bank credit funds. The CSRC has always attached great importance to the financing difficulties of SMEs. Energy-saving and environmentally-friendly SMEs can make full use of the capital market to grow and develop.
It is understood that in recent years, the CSRC has taken various measures to vigorously promote the construction of multi-level capital markets, actively support the issuance and listing of emerging industrial enterprises (including energy-saving and environmental protection enterprises) in line with national industrial policies and issuance and listing conditions, and use the capital market to raise development funds. In particular, in 2004 and 2009, the Shenzhen Stock Exchange established a small and medium-sized board and a GEM to serve growing and innovative small and medium-sized enterprises.