上交所，最新发声！

Core Insights - The Shanghai Stock Exchange (SSE) aims to enhance the quality of listed companies and create a favorable environment for long-term capital inflow, aligning with national strategies and promoting high-quality development [1] Group 1: Stability in Listed Companies - SSE is focused on solidifying the long-term positive trajectory of listed companies through the "Three-Year Action Plan to Improve the Quality of Listed Companies," which aims to enhance operational conditions and strengthen collaboration with various departments [1][2] - In the first half of the year, the net profit of listed companies in Shanghai reached 2.39 trillion yuan, showing positive growth, with emerging industries like electronics and biomedicine experiencing a revenue growth rate of 7.5% [1] - Traditional consumer sectors such as food and beverage saw a revenue growth rate of 12%, contributing significantly to overall stability [1] Group 2: Governance and Value Enhancement - SSE is promoting standardized operations and governance among listed companies by revising listing rules and enhancing the protection of minority shareholders' rights [2] - Over 60% of listed companies in Shanghai are participating in a special initiative to improve quality and returns, with more than 400 companies announcing interim dividends totaling 555.2 billion yuan, a historical high [2][3] - Share buyback and increase plans from listed companies have exceeded 100 billion yuan this year, with 500 billion yuan already implemented [2] Group 3: Innovation and Transformation - SSE is supporting innovation-driven development by establishing the Sci-Tech Innovation Board and enhancing services for technological innovation and new productivity [2][3] - In the first half of the year, companies on the Sci-Tech Innovation Board invested 84.1 billion yuan in R&D, exceeding their net profits by 2.8 times, leading the A-share market in R&D investment [2] - Traditional industries like steel and machinery have seen net profit increases of 235% and 21%, respectively, driven by technological innovation [3] Group 4: Coordinated Development of Investment and Financing - SSE is focusing on diversifying products and improving the market ecosystem to support long-term capital inflow, with the ETF market growing from less than 1 trillion yuan in 2020 to over 4 trillion yuan currently [3][4] - The exchange has released 272 indices this year to provide a rich product support for long-term capital investment [4] - SSE has engaged with institutional investors over a hundred times this year to understand their needs better, enhancing the willingness and sustainability of long-term capital inflow [4]