上交所理事长邱勇：科创板总市值约10万亿元，已成为我国“硬科技”企业上市首选地、聚集地

Core Insights - The Shanghai Stock Exchange (SSE) International Investor Conference was held on November 12-13, 2025, emphasizing the importance of capital market development and the role of the Science and Technology Innovation Board (STAR Market) in China's economic growth [2][3]. Group 1: Market Reform and Economic Development - The SSE has implemented significant reforms during the 14th Five-Year Plan period, including the establishment of the STAR Market and the registration system, leading to a steady increase in market size and quality [3]. - The total market capitalization of the stock market exceeded 60 trillion yuan, with a trading volume of 546 trillion yuan, representing growth of 40% and 96% respectively compared to the previous five-year plan [3]. - The STAR Market has seen the listing of 379 new companies, with 22 previously unprofitable companies achieving profitability post-listing [3]. Group 2: Company Quality and Investment Coordination - The SSE has focused on enhancing the quality of listed companies, with average annual growth rates of 3.8% in revenue and 4.6% in net profit during the 14th Five-Year Plan period [4]. - The total amount of dividends and share buybacks by listed companies exceeded 7.6 trillion yuan, accounting for over 70% of the total market dividends, indicating a significant increase of 51.2% [4]. Group 3: Internationalization and Cross-Border Investment - The SSE has optimized its cross-border investment mechanisms, with the Shanghai-Hong Kong Stock Connect achieving a cumulative transaction volume of 103 trillion yuan, a growth of 288% [6]. - The SSE has introduced new cross-border products, with the scale of cross-border index products exceeding 320 billion yuan, enhancing international investment options [6]. Group 4: Future Outlook - The SSE aims to deepen reforms and enhance governance, focusing on attracting long-term capital and improving the quality of information disclosure by listed companies [7][8]. - The SSE is committed to expanding its international presence and product offerings, inviting global investors to engage with China's capital market [8].