宋清辉：山东证监局一揽子政策落地见效 助力区域经济高质量发展

Core Viewpoint - The Shandong regulatory authority has effectively improved the financing environment for technology enterprises through a series of policy measures, significantly supporting R&D innovation, patent output, and strengthening the industrial chain, thereby contributing to high-quality regional economic development [1][10]. Policy Implementation and Results - Since the implementation of a comprehensive set of capital market policies in September last year, the vitality and resilience of the capital market in Shandong have further enhanced, with 56 listed companies repurchasing and increasing loans amounting to 10.849 billion yuan, and 174 companies engaging in mergers and acquisitions totaling 151.399 billion yuan [2]. - The bond balance in the exchange market has surpassed 1 trillion yuan for the first time, and the scale of science and technology innovation bonds has reached a historical high [2]. Mechanism Innovation - The Shandong Securities Regulatory Bureau has strengthened coordination and information sharing, enhancing the proactivity, targeting, and effectiveness of various initiatives [3]. - A new collaborative work pattern has been established, involving multiple parties to promote the implementation of policies effectively [3][5]. Cross-Departmental Collaboration - The Shandong Securities Regulatory Bureau has participated in formulating measures to implement financial policies that support high-quality economic development, enhancing policy advocacy through various channels [5]. - A cross-departmental collaboration mechanism has been established to break down information barriers, achieving resource sharing and complementary advantages, particularly in technology finance and mergers and acquisitions [6]. Direct Financing Achievements - Since the introduction of the policies, enterprises in the region have achieved direct financing of 344.696 billion yuan through IPOs, refinancing, and bond issuance, marking an 8.83% year-on-year increase [7]. - Notably, several key sectors have successfully issued the first nationwide REITs, and companies have listed in Hong Kong to optimize capital structures and expand global markets [7]. Support for Innovation and R&D - Listed companies in the region have become the main force in technological innovation, with R&D expenditures reaching 30.134 billion yuan in the first half of the year, a 4.92% increase year-on-year [8]. - The number of effective patents reached 113,000, reflecting a 6.32% year-on-year growth, with certain technologies achieving international leadership [8].