以“三个更加注重”奋力谱写资本市场山东新篇

Core Viewpoint - The Shandong Securities Regulatory Bureau is actively implementing reforms to enhance the capital market's stability and quality, focusing on multi-faceted financing, mergers and acquisitions, and the development of new productive forces in the region [1][2][3]. Group 1: Market Developments - The bond balance in the Shandong exchange market exceeded 1 trillion yuan for the first time on May 27 [1]. - The first shopping center REIT in the country for this year was listed on June 27, backed by the Jinan Lianxiu City Guohe Shopping Center [1]. - By August 20, Tianyue Advanced, a company listed on the Sci-Tech Innovation Board, raised a net amount of 1.938 billion HKD in Hong Kong, marking another "A+H" listing from Shandong [1]. Group 2: Policy Implementation - The Shandong Securities Regulatory Bureau is focusing on the implementation of the new "National Nine Articles" and the "1+N" policy system to enhance capital market functions [2]. - The bureau has submitted over 30 special reports to the provincial government and issued more than 100 policy documents to support high-quality capital market development [2]. Group 3: Enhancing Business Dynamics - The bureau has conducted nearly 90 policy training sessions, reaching approximately 25,000 participants, to enhance the awareness and capabilities of business leaders regarding capital market opportunities [3]. - In 2024, the region's enterprises achieved direct financing of 589.58 billion yuan through various means, ranking among the top in the country [4]. Group 4: Investor Protection and Corporate Governance - In 2024, 197 listed companies in the region implemented cash dividends 470 times, totaling 102.82 billion yuan, with many companies increasing their dividend frequency [5]. - The bureau has taken strict regulatory actions against financial fraud and insider trading, conducting over 260 inspections and imposing 44 administrative penalties [6]. Group 5: Market Quality and Growth - The Shandong region has 246 A-share listed companies, with a total market value of 35,425.30 billion yuan, reflecting a 27.86% increase since the beginning of the year [7]. - The region has seen 31 new listed companies in 2024, with a focus on strategic emerging industries [8]. Group 6: Innovation and Long-term Investment - The bureau is promoting a three-year action plan for the high-quality development of private equity funds, supporting the growth of financial services tailored for technology companies [9]. - In 2024, the region's companies issued 80 products related to green and low-carbon transformation, raising 80.96 billion yuan, indicating a significant increase in funding for innovative projects [9]. Group 7: International Expansion - Over 70% of listed companies in the region engaged in overseas business, generating 616.84 billion yuan in foreign revenue, which is 27.10% of total revenue [11]. - The bureau is facilitating companies to explore diverse export markets and is actively supporting their internationalization efforts [11].