Shanghai Stock Exchange: Need to serve to promote the valuation of central enterprises to return to a reasonable level

　　China News Service, December 2. According to news from the official website of the Shanghai Stock Exchange on the 2nd, the Shanghai Stock Exchange recently formulated and completed a new round of "Three-Year Action Plan for Promoting Improvement of the Quality of Listed Companies in Shanghai Stock Exchange" and "Three-Year Action Plan for Comprehensive Services for Central Enterprises".

It is proposed that the service promotes the return of the valuation of central enterprises to a reasonable level, and promotes the professional integration of central enterprises.

　　The Shanghai Stock Exchange mentioned that in recent years, the three-year compound growth rates of operating income and net profit of companies on the main board of the Shanghai Stock Exchange from 2019 to 2021 were 9.49% and 8.23%, respectively, and companies on the Science and Technology Innovation Board were 24.82% and 62.35%, respectively.

In the first three quarters of 2022, the operating income and net profit of companies on the main board of the Shanghai Stock Exchange will increase by 8% and 5% respectively, and companies on the Science and Technology Innovation Board will increase by 33% and 25% respectively.

Shanghai-listed companies have implemented a cumulative cash dividend of 3.75 trillion yuan in three years, hitting new highs year after year. The three-year average dividend rate of 209 Shanghai-listed companies is greater than 3%, and 65 are greater than 5%.

　　The Shanghai Stock Exchange pointed out that the new round of three-year action plan highlights the continuous improvement of the quality of rules at the level of system guarantees.

Actively cooperate with the China Securities Regulatory Commission to carry out the second phase of regulatory integration to improve the pertinence, adaptability and inclusiveness of the regulatory system.

Closely follow the five major development concepts, research and formulate ESG information disclosure system in line with the actual situation of listed companies, and attract medium and long-term funds into the market.

.

　　At the same time, the Shanghai Stock Exchange has simultaneously formulated a new round of comprehensive service arrangements for central enterprises. There are three main measures involving listed companies of central enterprises.

　　First

.

Promote listed companies of central enterprises to actively communicate with investors, improve transparency, organize and guide various investors to enter central enterprises, understand central enterprises, and identify with central enterprises.

　　Second, the

.

Cooperate with the State-owned Assets Supervision and Administration Commission of the State Council to carry out the professional integration of central enterprises, provide more tools and channels for the integration of central enterprises, and promote the creation of a group of flagship central enterprise listed companies.

　　The third is to

.

Continue to promote listed companies of central enterprises to strengthen the leadership of the party in improving corporate governance, actively guide listed companies of central enterprises to make good use of various capital tools such as equity incentives and employee stock ownership, and continuously improve the systems and mechanisms for achieving high-quality development.

(China New Finance and Economics)