Core Viewpoint - The capital market in Liaoning Province has experienced significant growth during the "14th Five-Year Plan" period, enhancing its financing capabilities and service systems to support the region's economic revitalization and high-quality development [2][4]. Group 1: Capital Market Development - Liaoning's capital market achieved a leap in development, with 11 new listed companies and a total fundraising of 18.164 billion yuan, marking increases of 83.33% and 511.99% respectively compared to the "13th Five-Year Plan" period [2]. - The region's enterprises raised a total of 63.634 billion yuan through equity and debt financing, with listed companies contributing 12.501 billion yuan through equity refinancing, aiding industry consolidation and structural optimization [2]. - The bond market in the region had a total outstanding scale of 32.555 billion yuan by the end of 2025, with over 90% being industry bonds, highlighting its role in supporting the real economy [2]. Group 2: Service System Enhancement - The establishment of service bases by major exchanges in Liaoning has improved the support and convenience for enterprises to connect with the capital market [3]. - The Liaoning Equity Trading Center launched specialized boards for high-growth enterprises, resulting in a net increase of 635 companies by the end of 2025, further solidifying its role in supporting small and micro enterprises [3]. Group 3: Financial Support for Regional Economy - Liaoning's capital market has focused on enhancing the quality of listed companies and institutional services, with cumulative cash dividends of 22.529 billion yuan and share buybacks of 3.791 billion yuan during the "14th Five-Year Plan" period, reflecting a growth of 73.7% and 61.59% respectively [4]. - The total revenue of listed companies reached 2.04 trillion yuan, contributing 77.304 billion yuan in taxes, thereby stabilizing the regional economic foundation [4]. Group 4: Innovation and R&D Investment - The R&D investment of listed companies in Liaoning reached 45.934 billion yuan, an increase of 43.28% compared to the "13th Five-Year Plan" period, indicating a strong focus on innovation [5]. - Over 70% of the top 10 listed companies by market value are technology or high-tech enterprises, showcasing a robust trend towards innovation-driven development [5]. Group 5: Risk Management and Regulatory Measures - Liaoning's authorities implemented effective risk management strategies, achieving zero defaults in the bond market and ensuring the stability of the capital market [7]. - Regulatory measures included over 160 actions to address potential risks and a zero-tolerance approach to major violations, enhancing market integrity and investor protection [8].
决胜“十四五” 擘画“十五五”·地方资本市场高质量发展之辽宁篇： 资本引领凝心聚力 辽沈大地全面振兴展新颜
Zheng Quan Shi Bao·2026-01-22 22:03