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) aims to enhance the quality of listed companies and create a favorable environment for long-term capital inflow, driven by advancements in technology such as artificial intelligence and biomedicine [1] Group 1: Quality Improvement Initiatives - The SSE is implementing a three-year action plan to improve the quality of listed companies, focusing on stabilizing their long-term development [1] - Revisions to listing rules and operational guidelines are being made to strengthen the roles of independent directors and audit committees, while also protecting the rights of minority shareholders [1] - Over 60% of listed companies in Shanghai are participating in a special initiative to enhance quality and efficiency, encouraging increased cash dividends to boost investor returns [1] Group 2: Financial Performance and Innovation - In the first half of the year, over 400 companies in the Shanghai market announced interim dividends totaling 555.2 billion yuan, setting a new historical high [2] - The total amount of share repurchase and increase plans disclosed by Shanghai companies has exceeded 100 billion yuan, with 50 billion yuan already implemented [2] - The SSE is leveraging the establishment of the Sci-Tech Innovation Board to enhance the quality and efficiency of services for technological innovation, with R&D investment from these companies reaching 84.1 billion yuan, exceeding their net profits by 2.8 times [2] Group 3: Coordinated Development of Investment and Financing - The SSE supports the entry of medium- and long-term capital into the market by improving the ETF product spectrum and innovating low-volatility products, with the ETF scale growing from less than 1 trillion yuan in 2020 to over 4 trillion yuan currently [3] - The exchange is optimizing the market environment for medium- and long-term investments, having released 272 indices this year to support capital inflow [3] - The SSE has conducted over a hundred visits to institutional investors this year, organizing activities to better understand their needs and enhance the willingness and sustainability of medium- and long-term capital entry [3]