The 2020 Financial Street Forum Annual Meeting was held in Beijing Financial Street from October 21st to 23rd. The news agency, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly hosted the event. This forum's annual meeting consists of four parallel forums, "Financial Cooperation and Reform", "Financial Openness and Markets", "Financial Services and Development", "Fintech and Innovation", to discuss and participate in global financial governance, in-depth dialogue in the financial industry and Hot topics such as the mechanism of benign interaction aim to build consensus among all parties, deepen international cooperation and promote common development.

Wang Rong, Chairman of Nutrichem Biotechnology, was invited to attend the discussion on "Small and Medium Enterprise Development and Efficient Direct Financing" on October 22. This topic is mainly aimed at "small and medium-sized enterprises are the main force of my country's innovation and development. The Party Central Committee and the State Council attach great importance to the development of small and medium-sized enterprises. Financial supply-side reform, guide capital to gather in new economic factors and small and medium-sized enterprises, and better serve the national innovation and development strategy?" to discuss.

Wang Rong, Chairman of Nutrichem Biotechnology, introduced the company's development history during the discussion, shared how Nutrichem Biotechnology used financial leverage to enable the company to develop rapidly, and expressed his deep understanding of the changes in the fertile soil of the New Third Board. Thousands of basic-level companies, over a thousand innovation-level companies, and now 32 select-level companies, Nutrichem Bio is very grateful to the competent authorities at all levels and all institutions for building a multi-level capital market and giving full play to the allocation of capital market resources. The pivot role, efforts and support to help small and medium-sized enterprises financing development.

Regarding the outlook for the capital market, Chairman Wang Rong expects that the follow-up policies of the selection layer can be effectively connected and implemented as soon as possible, such as the mixed market maker system, refinancing policy, smooth long-term capital access to the market, transfer policy, etc., to further enhance the market Liquidity and release of market vitality, we believe that the selection layer, which emerged under the background of financial supply-side reform, will truly become an important link in the implementation of multi-level capital market dislocation development and interconnection.