Zheng Quan Ri Bao Wang·2025-06-30 00:35Group 1 - The 2025 Listed Companies Forum held in Wenzhou focused on how capital markets can effectively empower China's innovation and seize global opportunities, gathering over 600 experts and representatives from various sectors [1] - Wenzhou has a historical significance in China's private economy and capital market exploration, with notable milestones such as the establishment of the first urban credit cooperative in 1986 and becoming a pilot city for interest rate reform in 1987 [1] - The city has implemented the "Phoenix Action" initiative, establishing around 500 companies in the listing reserve and promoting the rapid emergence of listed companies, with a target of reaching 59 listed companies by the end of 2024, nearly doubling from 2017 [1] Group 2 - Listed companies are seen as the cornerstone of capital markets and leaders in high-quality development, with a call for synergy between technological and industrial innovation [2] - In 2024, A-share R&D investment is projected to reach 1.88 trillion yuan, accounting for over half of the total social investment, with listed companies holding one-third of the national patent count [2] - Suggestions include enhancing mechanisms for enterprise participation in innovation, establishing innovation consortiums, and improving talent incentive systems to foster deeper integration of innovation, industry, finance, and talent [2] Group 3 - Listed companies are recognized as core drivers of economic development and innovation leaders, with their expanding scale and governance capabilities contributing to market stability and high-quality economic growth [3] - The current era emphasizes the vitality and potential of China's capital market, with expectations for collaborative efforts to illuminate the path of innovation and create new global development opportunities [3]