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券商中国·2025-10-18 15:04

Core Viewpoint - The Shanghai Stock Exchange (SSE) aims to enhance the quality of listed companies and create a favorable ecosystem for long-term capital investment, aligning with national strategies and promoting high-quality development in response to the accelerating technological revolution [1][2]. Group 1: Stability in Listed Companies - SSE focuses on solidifying the long-term positive trajectory of listed companies through the "Three-Year Action Plan to Improve the Quality of Listed Companies," which aims to enhance operational conditions and strengthen collaboration with various departments [1][2]. - In the first half of the year, the net profit attributable to shareholders of listed companies in Shanghai reached 2.39 trillion yuan, showing positive growth, with emerging industries like electronics and biomedicine experiencing a revenue growth rate of 7.5% [1]. - Traditional consumer sectors such as food and beverage and home appliances saw a revenue growth rate of 12%, contributing significantly to overall stability [1]. Group 2: Governance and Value Enhancement - SSE promotes standardized operations and governance among listed companies by revising rules and guidelines, enhancing the protection of minority shareholders, and providing training for sustainable development capabilities [2]. - Over 60% of listed companies in Shanghai participated in a special initiative to improve quality and returns, leading to a record mid-year dividend payout of 555.2 billion yuan [2]. - The total amount of share repurchase and increase plans disclosed by listed companies has exceeded 100 billion yuan this year, with 500 billion yuan already implemented [2]. Group 3: Innovation and Transformation - SSE supports innovation-driven development by establishing the Sci-Tech Innovation Board and enhancing services for technological innovation and new productivity [3]. - In the first half of the year, companies on the Sci-Tech Innovation Board invested 84.1 billion yuan in R&D, which is 2.8 times their net profit, indicating a strong commitment to innovation [3]. - Traditional industries like steel and machinery have seen significant profit increases of 235% and 21%, respectively, driven by technological innovation [3]. Group 4: Coordinated Development of Investment and Financing - SSE is focused on diversifying products and improving the market ecosystem to support long-term capital investment, with the ETF market growing from less than 1 trillion yuan in 2020 to over 4 trillion yuan currently [4]. - The exchange has released 272 indices this year to provide a rich product support for long-term capital entry [4]. - SSE has engaged with institutional investors over a hundred times this year to better understand their needs and enhance the willingness and sustainability of long-term capital investment [5].