江苏证监局指导开展上市公司高质量发展系列培训

Group 1 - The Jiangsu Securities Regulatory Bureau has organized training sessions for nearly 700 listed companies in the province, focusing on compliance, mergers and acquisitions, and market value management to promote high-quality development [1][2] - The bureau has intensified regulatory measures against financial fraud, insider trading, and other violations, aiming to enhance compliance awareness among the key stakeholders of listed companies [2][3] - The training emphasized the importance of compliance as a fundamental requirement for the survival and development of listed companies, urging them to strengthen governance and risk management [2][4] Group 2 - The M&A market in Jiangsu has seen a significant increase, with 172 new mergers and acquisitions this year, accounting for 15.5% of the national total, with a transaction value of 39.175 billion yuan, primarily in sectors like machinery, semiconductors, and pharmaceuticals [3][4] - Companies are encouraged to leverage current policy opportunities to innovate and align their M&A strategies with national priorities and market demands [3][4] - The bureau advises companies to carefully evaluate potential investments and avoid high-risk mergers that do not align with their strategic goals [4] Group 3 - Jiangsu listed companies have actively responded to regulatory calls for enhancing shareholder returns, with 77 companies announcing buybacks and a total cash dividend of 105.699 billion yuan expected in 2024, reflecting a 46.3% payout ratio [5][6] - The increase in cash dividends and buyback activities is seen as a way to attract capital inflows and strengthen market confidence [5][6] - The total market capitalization of A-share listed companies in Jiangsu reached 8.35 trillion yuan, representing 8.05% of the national total, an increase of 1.88 trillion yuan from the end of last year [6]