深交所发“双提升”倡议，强化上市公司投资者回报意识

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) has initiated a "Quality and Return Improvement" special action, with over 470 companies responding in the past two years, aiming to enhance the quality of listed companies and investment value, thereby promoting the long-term healthy development of the capital market [2]. Group 1 - The SZSE encourages all listed companies to participate in the "Quality and Return Improvement" action, particularly those that have not yet disclosed their action plans, to effectively improve operational quality and investment return levels [2]. - Companies are advised to create actionable, implementable, and verifiable plans tailored to their specific circumstances, avoiding ambiguous or exaggerated statements [2]. - The action plan may include focusing on core business, enhancing operational quality, strengthening technological innovation, improving corporate governance, increasing return levels, and enhancing investor communication [2][3]. Group 2 - In terms of strengthening the responsibility of the "key minority," the SZSE advocates for enhanced risk-sharing and benefit-sharing constraints among controlling shareholders, actual controllers, directors, senior management, and minority shareholders [3]. - The internal governance mechanisms should be refined to comply with the latest regulations regarding independent directors, shareholder returns, and executive compensation [3]. - The SZSE aims to protect the legitimate rights and interests of investors, especially minority investors, in significant matters such as production operations and mergers and acquisitions [3].