Core Viewpoint - Xiamen's capital market has experienced significant growth over the past five years, becoming a driving force for local economic transformation and upgrading, with notable increases in the number of listed companies, total market value, and private equity fund scale [1] Group 1: Market Expansion - During the "14th Five-Year Plan" period, Xiamen's capital market has accelerated development, with 14 new A-share listed companies, bringing the total to 70 by the end of 2025, accounting for nearly 40% of the province [2] - The total market value surpassed 903 billion yuan, a 43% increase from the end of 2020 [2] - The number of securities and futures institutions has optimized, with 2 securities companies, 2 futures companies, and 2 fund companies, along with 184 branches, placing Xiamen among the top in the nation for financial intermediaries [2] - By 2025, the number of securities accounts reached 2.9383 million, and futures accounts reached 141,800, with trading volumes of 15.05 trillion yuan for securities and 16.17 trillion yuan for futures, representing increases of 113.29% and 145.68% respectively since 2020 [2] Group 2: Economic Contribution - The capital market has raised a total of 403.2 billion yuan during the "14th Five-Year Plan," contributing to economic transformation and the construction of a modern international city [5] - Private equity and venture capital funds have invested in over 1,570 local projects, with total investments exceeding 76 billion yuan [3] - In the first three quarters of 2025, listed companies in Xiamen reported total revenue of 1.33 trillion yuan and net profit of 22.096 billion yuan, with year-on-year growth rates of 8.43% and 19.2% respectively [3] Group 3: Innovation and Industry Development - Xiamen's capital market has supported the development of strategic emerging industries, particularly in semiconductors and integrated circuits, with several companies successfully listing on the stock market [7] - The quality of listed companies has improved, with 26 companies recognized as national "specialized and innovative" small giants and 16 as manufacturing champions [7] - R&D expenditures among listed companies reached 11.25 billion yuan in 2024, with 52 companies achieving an average R&D intensity of 5.02% [6] Group 4: Cross-Strait Financial Integration - Xiamen has established the first cross-strait capital market service base, with 7 Taiwanese-funded listed companies, accounting for 10.61% of the total Taiwanese companies listed in mainland China [8] - The Xiamen Cross-Strait Equity Trading Center has showcased 1,124 enterprises, supporting the development of Taiwanese investment funds in the region [8] - The establishment of a financial talent ecosystem has attracted Taiwanese financial professionals to Xiamen, enhancing cross-strait financial collaboration [8]

Core Viewpoint - Xiamen's capital market has experienced significant growth over the past five years, becoming a driving force for local economic transformation and upgrading, with notable increases in the number of listed companies, total market value, and private equity fund scale [1][2]. Group 1: Market Expansion - During the "14th Five-Year Plan" period, Xiamen's capital market has accelerated development, with 14 new A-share listed companies, bringing the total to 70 by the end of 2025, accounting for nearly 40% of the province [2]. - The total market value has surpassed 903 billion yuan, a 43% increase from the end of 2020 [2]. - The number of securities and futures institutions has optimized, with 184 branches, placing Xiamen among the top in the nation for financial intermediary density [2]. Group 2: Economic Contribution - The capital market has raised a total of 403.2 billion yuan during the "14th Five-Year Plan," contributing to economic transformation and urban modernization [4]. - In the first three quarters of 2025, listed companies in Xiamen reported total revenue of 1.33 trillion yuan and a net profit of 220.96 billion yuan, reflecting a year-on-year growth of 8.43% [3]. - The average dividend payout ratio of listed companies in Xiamen ranks fourth among planned separate cities in the country, with 650.01 billion yuan in cash dividends [3]. Group 3: Innovation and Industry Development - Xiamen has established a multi-layered capital service system, with 317 registered private equity fund managers and a scale of 214.4 billion yuan, 2.37 times that of the end of 2020 [2]. - The city has focused on nurturing technology innovation enterprises, expanding the reserve of potential listed companies to 597 [4]. - Xiamen's capital market has catalyzed the development of strategic emerging industries, particularly in semiconductors and integrated circuits, with several companies successfully listing on the stock market [5]. Group 4: Cross-Strait Financial Integration - Xiamen has made significant strides in cross-strait financial openness, with 7 Taiwan-funded listed companies, representing 10.61% of the total Taiwan-funded enterprises listed in mainland China [7]. - The establishment of the first cross-strait capital market service base has facilitated the growth of Taiwan-funded private equity funds, with a total scale of 6.778 billion yuan [7]. Group 5: Risk Management - Xiamen has strengthened its risk prevention mechanisms, conducting 499 inspections and imposing administrative penalties totaling 293 million yuan during the "14th Five-Year Plan" [8]. - The city has maintained a stable market environment, achieving zero defaults in corporate bonds and significantly reducing risks in private equity funds [8]. Group 6: Future Outlook - The Xiamen Securities Regulatory Bureau aims to continue stabilizing and activating the capital market, focusing on implementing policies to boost market growth and supporting listed companies in enhancing their market value management [9].

Group 1 - The central bank and the State Administration of Foreign Exchange jointly issued measures to support the construction of a multi-level financial market across the Taiwan Strait, encouraging more Taiwanese enterprises to participate in the development of the mainland financial market [1] - Ant International responded that it will apply for a stablecoin license in Hong Kong as soon as possible after the "Stablecoin Regulation Draft" comes into effect on August 1 [2] - A passenger plane of Air India crashed at Ahmedabad Airport, with 242 people on board [4] Group 2 - Qingmu Technology, which has seen two consecutive trading limit increases, currently only provides e-commerce operation services for the Pop Mart Tmall flagship store [5] - Flingel has completed its verification work, and its stock will resume trading from tomorrow [5] - North Mining Technology, which has seen four consecutive trading limit increases, faces risks related to a small external circulation [5] - New China Life Insurance plans to subscribe for no more than 15 billion yuan in private equity fund shares [5] - Yiming Pharmaceutical, which has seen seven consecutive trading limit increases, has uncertainties regarding the implementation and results of its share transfer agreement [5] - Yuanlong Yatu, which has seen six trading limit increases in ten days, states that there are no significant matters that should have been disclosed but were not [5]