市值管理迈向规范化新阶段：从政策引领到价值共创的生态重构

Core Insights - In 2024, China's capital market is experiencing a pivotal shift in market value management, with new policies emphasizing the enhancement of investment value for listed companies [1] - The understanding of market value management is evolving from a tool for stock price maintenance to a crucial component of corporate strategic management [1] - Financial institutions play a vital role in this transformation, with Dongfang Caifu Securities proactively engaging in this field by collaborating with Fudan University to publish a white paper on market value management [1] Group 1 - The new "National Nine Articles" explicitly state the goal of promoting the investment value of listed companies, integrating market value management into the performance assessment of central enterprise leaders [1] - Market value management is transitioning from an elective subject for a few companies to a mandatory requirement for the entire market [1] - Dongfang Caifu Securities and Fudan University have introduced a theoretical framework consisting of four elements: value creation, value growth, value transmission, and value maintenance, providing systematic support for listed companies [1] Group 2 - An online launch event for the "2025 Market Value Management White Paper" is scheduled for November 5, 2025, which will expand the research scope and optimize the theoretical framework and evaluation system [2] - The upcoming white paper aims to provide targeted market value management solutions for companies across different industries and development stages [2] - As capital market reforms deepen, market value management is expected to play a more significant role in resource allocation and corporate development [2]