深圳出台专项行动方案！锚定“五个一流”建设产业金融中心

Core Viewpoint - The Shenzhen Municipal Financial Management Bureau and the China Securities Regulatory Commission have issued an action plan to enhance the role of the capital market in building an industrial financial center, aiming to support Shenzhen's leadership in China's modernization efforts by 2025-2026 [1] Group 1: Capital Market Development - The action plan includes 20 specific measures to create a high-quality capital market that meets the needs of high-quality economic and social development, focusing on innovation capital aggregation [1] - It emphasizes the cultivation of patient capital to support new productive forces, particularly in key sectors like artificial intelligence, new energy, and biomedicine [2] - The plan encourages the development of angel investment, venture capital, and private equity, while promoting long-term capital from state-owned and government investment funds [2] Group 2: Quality of Listed Companies - As of May 9, 2025, Shenzhen has 423 A-share listed companies, with 211 on the Sci-Tech Innovation Board and Growth Enterprise Market, leading among major cities [3] - The action plan aims to enhance the quality of listed companies through stricter entry requirements, continuous supervision, and improved governance [4] - It promotes the idea of increasing investor returns and enhancing transparency in listed companies, including cash dividend regulations and market manipulation oversight [5] Group 3: Industry Institutions - The action plan outlines the need for industry institutions to focus on compliance and long-term investor returns, enhancing their operational capabilities [6] - It aims to create top-tier investment banks and institutions while encouraging smaller firms to develop unique business models [6] - The plan also supports the establishment of high-quality professional service institutions in Shenzhen, emphasizing risk-oriented practices [7] Group 4: Capital Market Ecosystem - The action plan supports the Shenzhen Stock Exchange in developing a multi-tiered capital market and enhancing the bond market to support technological innovation [8] - It emphasizes comprehensive regulatory measures to ensure effective oversight across various market functions and institutions [8] - The plan includes mechanisms for cross-border regulatory cooperation and enhancing investor protection [9] Group 5: Risk Prevention and Control - The action plan stresses the importance of early risk identification and prevention, enhancing collaboration between central and local authorities [10] - It aims to maintain market stability through a robust risk management framework, including measures for mergers, acquisitions, and bankruptcy [10] - The plan highlights the need for ongoing monitoring of key sectors to prevent systemic risks [10]