Shang Hai Zheng Quan Bao·2025-11-18 18:42Group 1 - As of Q3 2025, the number of A-share listed companies in Shenzhen reached 424, with a total market capitalization exceeding 11 trillion yuan, ranking second nationwide [2][6] - In the first three quarters of 2025, Shenzhen's listed companies generated operating income of 5.20 trillion yuan and net profit of 457.8 billion yuan, representing year-on-year growth of 7.36% and 3.98% respectively, with revenue growth outpacing the national average [2][6] - Shenzhen's private equity and venture capital fund size approached 1.37 trillion yuan, investing in approximately 13,800 small and medium-sized enterprises and over 11,100 high-tech companies, continuously injecting capital into the real economy [2][4] Group 2 - The structure of Shenzhen's listed companies is characterized by a high proportion of high-tech enterprises, with about 80% of newly listed companies being from the Sci-Tech Innovation Board and the Growth Enterprise Market [3] - The private sector plays a dominant role, contributing over 90% of employment in the city, and Shenzhen has around 20 companies with a market value exceeding 100 billion yuan [3] - Shenzhen's capital market has shown significant achievements in supporting the real economy, with equity financing exceeding 400 billion yuan and bond financing (including ABS) surpassing 2.4 trillion yuan during the 14th Five-Year Plan period [4][5] Group 3 - The Shenzhen capital market has enhanced its role as a hub for high-level circulation of technology, capital, and industry, with 213 companies listed on the Growth Enterprise Market and Sci-Tech Innovation Board, the highest among major cities in China [4][5] - Since the introduction of the "Merger and Acquisition Six Guidelines," Shenzhen listed companies have executed 497 mergers and acquisitions, involving amounts exceeding 90 billion yuan [5] - The bond market in Shenzhen has seen steady growth, with companies raising over 2.4 trillion yuan through bonds since 2021, and the introduction of innovative mechanisms such as the "Tech Board" for bonds [5][6] Group 4 - The market ecosystem in Shenzhen has been strengthened with the simultaneous enhancement of innovation vitality and comprehensive competitiveness among market entities, including listed companies, securities firms, and private equity institutions [6][7] - In the first three quarters of 2025, 24 securities firms in Shenzhen achieved operating income exceeding 100 billion yuan and net profit exceeding 45 billion yuan, leading the nation [6] - Shenzhen's public fund management companies reached an asset management scale of 12.3 trillion yuan, with public fund management scale at 8.36 trillion yuan, ranking second nationwide [6] Group 5 - Looking ahead to the 15th Five-Year Plan, Shenzhen's capital market aims to focus on serving new productive forces and deepening reform and innovation, striving to build a globally influential industrial financial center [3][8] - Venture capital institutions are seen as catalysts for technological innovation, effectively addressing the financing challenges faced by technology enterprises during their growth phases [8] - Shenzhen plans to guide patient capital towards high-tech and high-quality sectors, promoting technological breakthroughs and industrial upgrades while enhancing the multi-level market system [9]