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 ecosystem for long-term capital inflow, driven by the ongoing technological revolution and the integration of technology, industry, and finance [1] Group 1: Stability ("稳") - SSE is focusing on solidifying the long-term positive trajectory 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] - Over 60% of listed companies are participating in a special action to enhance quality and returns, with mid-year dividend announcements totaling 555.2 billion yuan, a historical high [2] Group 2: Progress ("进") - SSE is promoting innovation-driven development by establishing the Sci-Tech Innovation Board, which has led to significant R&D investments, with companies investing 84.1 billion yuan, exceeding their net profits by 2.8 times [3] - Traditional industries are encouraged to adopt new technologies for transformation, with net profits in steel and machinery increasing by 235% and 21%, respectively [3] - There has been a notable increase in mergers and acquisitions, with 602 asset restructuring cases disclosed this year, marking a 19% increase [3] Group 3: Investment and Financing Coordination ("投融资协调发展") - SSE is enhancing the ETF product spectrum, with the total ETF scale in Shanghai growing from less than 1 trillion yuan in 2020 to over 4 trillion yuan currently [4] - The exchange is working on optimizing the market environment for long-term capital, having released 272 indices this year to support diverse investment products [5] - SSE has engaged with institutional investors over a hundred times this year to better understand their needs and improve the sustainability of long-term capital inflow [5]