“十四五”时期沪市股票首发融资额较“十三五”增长16%

Group 1 - The core viewpoint of the article emphasizes the importance of capital market functions, highlighting the need for innovation while maintaining continuity, with a focus on effective financing and investment coordination during the "14th Five-Year Plan" period [1][2] Group 2 - The Shanghai Stock Exchange (SSE) reported a 16% increase in initial public offering (IPO) financing during the "14th Five-Year Plan" compared to the "13th Five-Year Plan" [1] - The total issuance scale of the bond market reached 31 trillion yuan, a 42% increase from the previous five-year period, with over 10 trillion yuan in industrial bonds and asset-backed securities (ABS) [1] - The SSE has actively promoted the Real Estate Investment Trusts (REITs) market, achieving 51 initial listings and 4 expansions, raising 140.5 billion yuan, which accounts for nearly 70% of the market [1] - The SSE launched technology innovation bonds, with a cumulative issuance of 1.51 trillion yuan benefiting over 400 technology enterprises [1] - The SSE introduced support bonds for small and micro enterprises, with an issuance scale exceeding 19.7 billion yuan, aiding over 1,800 small and micro businesses [1] Group 3 - The SSE has played a significant role in mergers and acquisitions, supporting listed companies in revitalizing assets and enhancing core competitiveness, with notable cases such as China Shipbuilding's acquisition of China Shipbuilding Industry Corporation and Guotai Junan's acquisition of Haitong Securities [2] - Since the introduction of the "Six Guidelines for Mergers and Acquisitions," the SSE has disclosed 996 asset restructuring cases and 114 major asset restructurings, representing increases of 20% and 138% year-on-year, respectively [2] - The SSE has promoted a long-term investment ecosystem, advocating for rational, value, and long-term investment strategies, with the number of newly compiled indices reaching approximately 3,500 [2] - The scale of Exchange-Traded Funds (ETFs) has grown from 0.9 trillion yuan to 4 trillion yuan, an increase of nearly 3.5 times, becoming a significant channel for long-term capital entering the market [2] - The SSE has launched the first batch of technology innovation bond ETFs, with a scale nearing 160 billion yuan, and introduced ETF options covering the CSI 500 Index and the STAR 50 Index [2] - The market's resilience has improved, with the annualized volatility of the Shanghai Composite Index at 15.9%, a decrease of 2.8 percentage points compared to the previous five-year period, indicating enhanced market expectations and investor confidence [2]