上交所副理事长霍瑞戎：三方面促进上市公司高质量发展，支持中长期资金入市

Core Viewpoint - The Shanghai Stock Exchange (SSE) is promoting high-quality development of listed companies through three main strategies: stability, progress, and coordinated development of investment and financing [1][2][3][4] Group 1: Stability - SSE is focusing on solidifying the long-term positive trend of listed companies by implementing the "Three-Year Action Plan to Improve the Quality of Listed Companies" [1] - In the first half of the year, the net profit attributable to shareholders of listed companies in Shanghai reached 2.39 trillion yuan, showing positive growth [2] - Emerging industries such as electronics, communications, pharmaceuticals, and rail transit equipment saw revenue growth rates of 7.5%, while consumer sectors like food and beverages and home appliances achieved revenue growth rates of 12% [2] - SSE is enhancing the standardized operation and governance levels of listed companies by revising rules and guidelines, protecting minority shareholders' rights, and promoting sustainable development practices [2] - Over 60% of listed companies in Shanghai are participating in a special action to improve quality and returns, with more than 400 companies announcing interim dividends totaling 555.2 billion yuan, a historical high [2] Group 2: Progress - SSE is supporting innovation-driven development by leveraging major reforms such as the establishment of the Sci-Tech Innovation Board [3] - In the first half of the year, companies on the Sci-Tech Innovation Board invested 84.1 billion yuan in R&D, exceeding 2.8 times their net profits [3] - Traditional industries like steel and machinery are transitioning to high-end intelligent production, with net profits increasing by 235% and 21%, respectively [3] - SSE is actively facilitating mergers and acquisitions, with 602 asset restructuring announcements this year, including 76 major restructurings, representing increases of 19% and 117% year-on-year [3] Group 3: Coordinated Development of Investment and Financing - SSE is enhancing the market structure to support long-term capital inflow by diversifying products and improving the market ecosystem [4] - The scale of ETFs in Shanghai has grown from less than 1 trillion yuan in 2020 to over 4 trillion yuan, with an increasing proportion of institutional investors [4] - SSE has published 272 indices this year to provide a rich product support for long-term capital investment [4] - The exchange has conducted over a hundred visits to institutional investors to better understand their needs and enhance the willingness and sustainability of long-term capital inflow [4]