China News Service, Beijing, December 19 (Gong Hongyu) "Listed companies are the main force to promote the development of Chinese cities, and the profits and taxes of listed companies are the main source of urban profits and taxes." Former Deputy Director of the Policy Research Office of China Securities Regulatory Commission and Professor of Tongji University , Huang Yuncheng, a doctoral supervisor, said when introducing the development of China's listed companies.
On December 18th, the "2022 Annual Meeting of Chinese Listed Companies" under the guidance of the China Association of Listed Companies and hosted by Xinhuanet was held in Beijing. The "White Paper on ESG Development of Listed Companies in China" (2021) and "Shanghai and Shenzhen A White Paper on Market Value Analysis of Listed Companies (2021).
According to the press conference, as of now, the total market value of listed companies in my country has exceeded 90 trillion yuan; at the end of the third quarter, the cumulative total operating income of listed companies still reached 47.09 trillion yuan, a year-on-year increase of 23.37%.
According to the "Shanghai and Shenzhen A-Share Listed Companies Market Value Analysis White Paper (2021)", as of December 10, the top five industries in the A-share market were banking, power equipment, medical biology, electronics, and food and beverage.
Song Zhiping, chairman of the China Association of Listed Companies, pointed out in his speech that the business philosophy of "going with high-quality development" of listed companies has reached a consensus in the entire market.
As the "basic disk" of the real economy, listed companies should fully demonstrate the social responsibility and corporate responsibility of the "heavy weapon of the country", continuously strengthen the endogenous driving force of enterprise development, and help promote the steady improvement of quality and reasonable growth of the economy.
The scene of the conference.
Photo by Gong Hongyu
Where is the future of listed companies?
"Shanghai and Shenzhen A-Share Listed Companies Market Value Analysis White Paper (2021)" makes six major judgments: technology companies will lead the future development of A-shares; cities with excellent business environment will breed giants of listed companies; larger and stronger listed companies are the main competitors of future cities Battlefield; clarification of industrial positioning is an important foundation for urban development; improving governance is the key to the new stage of cities and companies; capital markets are the main driving force for the development of cities by leaps and bounds.
The "White Paper on ESG Development of Chinese Listed Companies" (2021) also pointed out that listed companies are continuously promoting the improvement of their long-term value by improving their ESG levels.
In terms of carbon emission reduction, in 2020, 80% of public utility companies have formulated a carbon emission reduction system, and 56% of industrial companies have introduced carbon emission reduction measures; in terms of social responsibility, listed companies only invested funds in poverty alleviation in 2018-2020 Just over 200 billion yuan.
According to the "White Paper on ESG Development of Chinese Listed Companies", as of the end of June 2021, 1,112 A-share listed companies have disclosed ESG-related reports, and this number was only 371 in 2019.
248 of the CSI 300 constituent stocks have released 2020 ESG reports, accounting for more than 82%.
At the press conference, Xinhuanet signed a strategic cooperation agreement with the China Association of Listed Companies, announcing the official launch of the Xinhua Online Market Company Channel.
The channel will focus on the dynamics of listed companies and entrepreneur groups, report and explore high-quality development models of the real economy, and continue to plan and launch corresponding news reports and financial media products around hot topics such as industrial development, technological innovation, ESG, and digital transformation.
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