提升对实体企业全链条、科技企业全生命周期服务能力 天津证监局：营造规范有序天津资本市场生态

Core Insights - Tianjin's listed companies have cumulatively distributed over 170 billion yuan in cash dividends in the past five years, which is 7.5 times the amount during the 13th Five-Year Plan period and three times the stock financing during the same period [1] - The total R&D investment by listed companies in Tianjin has exceeded 100 billion yuan, showing an increase of nearly 80% compared to the 13th Five-Year Plan period [1] - The scale of equity funds has grown from less than 80 billion yuan to over 210 billion yuan, marking a 1.7 times increase compared to the 13th Five-Year Plan period [1] Capital Market Development - The average dividend yield of listed companies in Tianjin is 3.08%, which is higher than the returns on household savings [2] - 45% of the companies have maintained continuous dividends for five years, with 10 companies issuing multiple dividends within a year [2] - The wealth management scale of industry institutions in Tianjin's capital market has surpassed 22 trillion yuan, with a total of 4.68 million securities accounts, reflecting a 20% growth since the 13th Five-Year Plan [2] Support for Technological Innovation - The Tianjin Securities Regulatory Bureau is enhancing its service capabilities for the entire lifecycle of technology enterprises, focusing on supporting quality companies in listing and mergers and acquisitions [3][7] - Nearly 80% of new companies listed during the 14th Five-Year Plan period are technology-oriented, with significant investments directed towards R&D innovation [3] - The issuance scale of science and technology bonds in Tianjin has exceeded 24.8 billion yuan, with an annual compound growth rate of 49% over the past three years [3] Mergers and Acquisitions - Six listed companies have undergone major asset restructuring to achieve upgrades, with over 26 billion yuan in mergers and acquisitions reported since the release of the "Six Mergers" policy [4] - The scale of venture capital funds has reached 159.4 billion yuan, showing a 75% increase since the end of the 13th Five-Year Plan, with 165 innovative enterprises receiving a total of 3.1 billion yuan in funding [4] Focus on High-Quality Companies - The Tianjin Securities Regulatory Bureau aims to cultivate a high-quality group of listed companies by enhancing support for equity and debt financing [7] - The bureau is committed to creating a patient capital ecosystem to promote the formation of innovative capital in Tianjin, thereby injecting lasting momentum into the development of new productive forces [7]