进一步发挥央国企引领作用 上交所举办央国企科创板上市公司培训座谈会

Group 1: Core Insights - The Shanghai Stock Exchange (SSE) organized a training session for central state-owned enterprises (SOEs) focusing on high-quality development in the Sci-Tech Innovation Board, with participation from over 10 central enterprise groups and nearly 60 listed companies [1] - The training addressed key issues such as market value management, mergers and acquisitions, and efficiency improvements, aiming to enhance the role of central SOEs in driving technological innovation and industrial transformation [1][2] - The SSE, in collaboration with the State-owned Assets Supervision and Administration Commission (SASAC), aims to support SOEs in deepening reforms and enhancing their responsibilities in promoting technological and industrial innovation [1][6] Group 2: Mergers and Acquisitions - Since the introduction of the "Eight Measures for the Sci-Tech Innovation Board," the SSE has facilitated nearly 90 new mergers and acquisitions, with a total transaction value exceeding 19 billion yuan, marking a year-on-year increase of over 100% [2] - Central enterprises are actively investing in strategic emerging industries, with notable examples including China Telecom's acquisition of GuoDun Quantum and China Merchants Group's investment in Kasei Biotech [2] - The SSE's regulatory improvements have enhanced the adaptability and inclusiveness of merger and acquisition policies, allowing central SOEs to expand their presence in emerging industries [2] Group 3: Quality Improvement - Improving the quality of listed companies is essential for the long-term health of the capital market, as emphasized by the SSE's initiative "Quality Improvement and Return to Shareholders" [3][4] - Nearly 40 out of 60 central SOEs listed on the Sci-Tech Innovation Board have disclosed their annual action plans for quality improvement and shareholder returns [4] - Central SOEs are focusing on innovation strategies, increasing R&D investments, and optimizing governance structures to enhance operational quality and efficiency [4] Group 4: Market Value Management - Effective market value management requires both internal operational excellence and external communication with investors, as highlighted in the training session [5] - Central SOEs are encouraged to establish dedicated teams for market value management and improve information disclosure to enhance their market recognition [5] - Suggestions from participants included increasing the inclusivity of valuation in mergers, supporting diverse restructuring plans, and sharing successful cases related to quality improvement and shareholder returns [5]