聚焦发展新质生产力 资本市场助推深圳打造产业金融中心

Core Insights - Shenzhen's capital market has demonstrated resilience and vitality during the "14th Five-Year Plan" period, significantly contributing to the high-quality development of the real economy [1][2] Financing and Market Performance - The direct financing scale of Shenzhen enterprises reached approximately 2.8 trillion yuan, representing a growth of over 50% compared to the "13th Five-Year Plan" period, ranking third among major cities in China [2] - Over 80% of IPOs in Shenzhen during this period were from the ChiNext and STAR Market, with more than 200 companies listed on these boards, accounting for over half of the listed companies in the region [2] - Shenzhen's enterprises achieved over 2.4 trillion yuan in bond financing during the "14th Five-Year Plan" period, with significant contributions from public REITs [2] Innovation and Investment Ecosystem - Shenzhen has established a robust innovation ecosystem, with private equity and venture capital fund sizes nearing 1.37 trillion yuan, investing in over 13,800 small and medium-sized enterprises and over 11,100 high-tech companies [3] - The city has seen 497 mergers and acquisitions involving over 90 billion yuan since the introduction of the "M&A Six Guidelines" [2] Company Performance and Contributions - As of now, Shenzhen has 424 A-share listed companies, a 35% increase since the end of 2020, with a total market capitalization exceeding 11 trillion yuan, ranking second among major cities [4] - In the first three quarters of 2025, Shenzhen's listed companies reported cumulative revenues of 5.20 trillion yuan and net profits of 457.8 billion yuan, reflecting year-on-year growth of 7.36% and 3.98% respectively [4] - The total cash dividends distributed by Shenzhen listed companies during the "14th Five-Year Plan" period approached 990 billion yuan, significantly exceeding the equity financing amount [4] Financial Services and Sectoral Development - Shenzhen's securities firms have led in green finance, underwriting and managing over 200 billion yuan in green bonds, the highest in the country [5] - The city has provided services to over 20,000 industrial clients through futures companies, with transaction volumes exceeding 100 trillion yuan [5] - In the pension finance sector, public funds managed over 2 trillion yuan in various pension schemes, ranking second nationally [5] Future Development Plans - For the "15th Five-Year Plan" period, Shenzhen's capital market will focus on developing new productive forces, deepening reforms, and enhancing investor protection [6][7] - The strategy includes guiding capital towards innovative sectors, promoting the registration system for stock issuance, and enhancing cross-border regulatory cooperation [6][7]