上交所副理事长霍瑞戎： 持续提升上市公司质量营造长期资金入市良好生态

Core Viewpoint - The Shanghai Stock Exchange (SSE) is committed to enhancing the quality of listed companies and fostering a favorable environment for long-term capital investment, driven by the rapid development of technologies such as artificial intelligence and biomedicine [1] Group 1: Quality Development of Listed Companies - The SSE is implementing a three-year action plan to improve the quality of listed companies, focusing on stability, progress, and coordinated development of financing [1] - Over 60% of listed companies in Shanghai have initiated a special action to enhance quality and returns, encouraging increased cash dividends to boost investor returns [1] - In the first half of this year, more than 400 companies announced interim dividends totaling 555.2 billion yuan, setting a new historical high [1] Group 2: Technological Innovation and Industry Transformation - The SSE is leveraging major reforms like the establishment of the Sci-Tech Innovation Board to enhance the quality and efficiency of services for technological innovation [2] - 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 all A-share sectors in R&D investment [2] - Traditional industries such as steel and machinery have seen net profit increases of 235% and 21%, respectively, driven by technological innovation [2] - There were 602 asset restructuring disclosures by listed companies this year, with significant asset restructurings increasing by 117% compared to the previous year [2] Group 3: Coordinated Development of Investment and Financing - The SSE is supporting the entry of medium- and long-term capital into the market by improving the ETF product spectrum and innovating low-volatility products [3] - The scale of ETFs in the Shanghai market has grown from less than 1 trillion yuan in 2020 to over 4 trillion yuan currently [3] - The SSE has published 272 indices this year to support medium- and long-term capital investment [3] - The exchange has conducted over a hundred visits to institutional investors to better understand their needs and enhance the willingness and sustainability of medium- and long-term capital entry [3]