上交所副理事长霍瑞戎：持续提升上市公司质量 营造中长期资金入市良好生态

Core Viewpoint - The Shanghai Stock Exchange (SSE) aims to enhance the quality of listed companies and create a favorable environment for long-term capital inflow, driven by the rapid development of technologies such as artificial intelligence and biomedicine [1][2]. Group 1: Stability in Listed Companies - SSE focuses on solidifying the long-term positive trend of listed companies through the "Three-Year Action Plan to Improve the Quality of Listed Companies" [2]. - In the first half of the year, the net profit of listed companies in Shanghai reached 2.39 trillion yuan, with emerging industries like electronics and biomedicine showing a revenue growth rate of 7.5% [2]. - SSE is enhancing the standardized operation and governance of listed companies by revising rules and providing guidelines for sustainable development [2]. Group 2: Progress in Innovation and Transformation - SSE promotes innovation-driven development by establishing the Sci-Tech Innovation Board, which has led to significant R&D investments, totaling 84.1 billion yuan in the first half of the year, exceeding the net profits of these companies by 2.8 times [3]. - Traditional industries such as steel and machinery are encouraged to adopt new technologies for transformation, with net profits increasing by 235% and 21% respectively [3]. - The SSE supports mergers and acquisitions to facilitate industrial integration and transformation, with 602 asset restructuring cases disclosed this year, marking a 19% increase [4]. Group 3: Coordinated Development of Investment and Financing - SSE is enhancing product diversification and market ecology 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 [4]. - The exchange is optimizing the market environment for long-term investments by improving the market-making mechanism and providing a rich array of index products [4]. - SSE has conducted over a hundred visits to institutional investors to better understand their needs, thereby enhancing the willingness and sustainability of long-term capital inflow [5].