他进一步表示，上述正向循环机制可以拆分为三个环节：首先是价值创造，提升企业的经营质量；其次是通过价值传播的方式和资本市场沟通，让资本市场 了解并认可企业；最后则是价值经营，即市值提升之后再用资本运作的手段反哺到生产经营，从而实现经营质量提升。也就是说，价值创造和价值经营的目 的都是为了提升企业的经营质量，其中价值创造是基础，价值经营是杠杆，基础要打牢，杠杆才有意义，价值传播才会顺理成章。 经济观察报记者 邹永勤 2025年12月1日，深圳价值在线信息科技股份有限公司联合创始人刘守卫在当天召开的"2025中国AI赛道与ESG可持续发展大会"上，发表了其对当前资本市 场市值管理现状的一些看法。 据刘守卫介绍，A股市场的市值管理是在2005年提出来的，经过20来年的发展，正统的市值管理方式包括并购、股权激励、投关、战略规划等，这几种方式 在各自的领域都起到了非常重要的作用，但亦存在一些不足，所以也有个别企业会铤而走险，寻求短平快的伪市值管理方式。 刘守卫认为，《上市公司监管指引第10号——市值管理》的发布，背后有着深刻含义。首先，除了要肃清伪市值管理，还要提高A股和国企的估值，提升国 际竞争力；其次，是要规范短期行 ...

Group 1 - The Yinghua Value Communication Research Institute was officially established on May 20 during the 2025 Global Asset Management Forum, aiming to enhance the capital governance capabilities of Chinese listed companies and support the high-quality development of China's capital market [1][2] - The establishment of the institute is a collaborative effort involving China Fund News, well-known investment institutions, research organizations, listed companies, and academic institutions, leveraging the deep foundation of China Fund News in the asset management field [1][2] - Following the release of the "924" new policy in 2024, there is a growing focus on how listed companies can effectively communicate their operational status, development prospects, and intrinsic value to investors [1] Group 2 - The Yinghua Value Communication Research Institute aims to fulfill the mission of "telling China's story well and spreading China's voice," by combining academic insights with practical guidance for investment [2] - The institute will serve as a value-sharing platform that integrates research, communication, and exchange, providing theoretical foundations and practical recommendations to enhance the investment value of listed companies [2] - The establishment ceremony was attended by various experts and leaders from the financial and academic sectors, marking the beginning of a new chapter in value communication research within China's capital market [2]