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Chairman Wu Qing of CSRC Discusses Capital Market Tools and Business Investment Strategies with Listed Companies

On March 6, focusing on a number of investors’ concerns such as “improving the quality of listed companies”, “improving the inherent stability of the capital market” and “capital market supervision”, Chairman Wu Qing of the China Securities Regulatory Commission spoke to Economic Reporter Second Session of the 14th National People’s Congress Answer questions from reporters at the meeting. Wu Qing’s statement provoked widespread heated discussion among listed companies.

Make good use of capital market tools

Accelerate the release of new productivity

Wu Qing said that systems such as issuance and listing, mergers and acquisitions, and equity incentives must keep up with the times, further adapt to the needs and characteristics of the development of new productive forces, make necessary adjustments and improvements, improve the inclusion and adaptability of the system, and allows those with real potential to Enterprises have grown and expanded with the support of the capital market, and continuously improved the structure of listed companies, so that investors can better share the results of high-quality economic development.

Hualan Biotech is a national high-tech enterprise engaged in the production, research and development, and sales of blood products, vaccines and genetic engineering products. With the help of listing and financing in the capital market, it has given wings to the company’s development and allowed it to grow from small to big, from weak to strong. At present, the company’s product structure is reasonable, product categories are complete, and the comprehensive plasma utilization rate is at the forefront of the industry. The product structure of blood products is constantly optimized, and a share the market by many products ahead. industry front.

Ankang, the chairman of Hualan Biotech, said in an interview with a reporter from the Securities Times that the three main capital tools, mergers and acquisitions, refinancing, and equity incentives, are the source of energy for maintaining the vitality of the securities market and r the focus of capital market supply-side reform. The continuous improvement of the three main capital tools of mergers and acquisitions, refinancing, and equity incentives can effectively stimulate market vitality, bring new opportunities to the company’s development from the three core elements of company development: capital, industry, and talent, and play a key role in the sexual impact of the company’s high quality development.

“The key to developing new productive forces is technological innovation. The company has always considered technological innovation as its foundation, established innovation platforms in petrochemicals, new materials, fibers and other fields, and launched new technologies and products every year .” National People’s Congress Representative, Chairman of Shenghong Holding Group and Chairman of Dongfang Shenghong Miao Hangen presented that between 2019 and 2021, the company raised funds by issuing green bonds, private placements, issuing convertible corporate bonds, etc. and took the lead in the industry to propose strategic transformation and upgrading At the same time, through the reorganization of major assets through the issuance of shares to purchase assets and raise supporting funds, the domestic leader in photovoltaic materials acquired EVA, Cybern Petrochemical, and went to into the field of the industry quickly. new energy and new materials.

Currently, Dongfang Shenghong has a 16 million ton/year integrated refining and chemical unit, a 2.4 million ton/year methanol-to-olefins (MTO) unit, and a 700,000 ton/year propane dehydration (PDH) unit, forming ” double” of olefins and aromatics. It has an industrial structure of “chain” extension and coordinated development, and has unique olefin production capabilities of “oil end”, “coal end” and “gas end” at the same time. It is one of the leading private petrochemical companies in China.

“Haima Automobile has benefited greatly from being in the capital market for over 30 years.” Jing Zhu, deputy to the National People’s Congress, vice president of the China Private Chamber of Commerce, and chairman of the Haima Group, said in 2007, the company acquired the Zhengzhou Light Vehicle Manufacturing Factory through merger and acquisition The use of merger, acquisition and reorganization to achieve industrial integration is a key step for the company to move on to the Central Plains. In 2010, the company raised 2.9 billion yuan by issuing non-public shares and using refinancing tools to expand financing channels. In 2012, the company used equity incentive policies to effectively gather and motivate the company’s directors, supervisors, senior executives and core key talents.

As the only passenger car and new energy vehicle company in Hainan Province, Haima Motors has exported complete vehicles to more than 20 countries and regions, including Egypt, Chile, the Philippines, and Vietnam, and has built KD factories in the “Belt and Road”. ” countries to show a new image ” “Made in China”.

Improve business investment

Give investors a real sense of benefit

This year’s government work report proposes to improve the inherent stability of the capital market. In Wu Qing’s opinion, there are many factors that affect the operation of the capital market, and the mechanism is relatively complex, “including at least ‘cornerstone’ and ‘five pillars'”.

Among them, “one cornerstone” is high-quality listed companies. Wu Qing said listed companies must have good governance, stable earnings or expected growth first. Major shareholders, actual managers and managers must keep in mind that listed companies are public companies and must have “public” awareness, be responsible to the public, and continue to increase the value of investment.

Ankang said that only by vigorously improving the investment of listed companies and giving investors a real sense of benefit can the stable and healthy development of the capital market have a solid foundation, thereby truly stabilizing the market and stabilizing confidence.

In February this year, when Hualan Biotech proposed the “improve quality and double return” action plan, it mentioned that it would continue to improve the company’s level of operation and management, and improve the company’s core competitiveness, profitability and comprehensive risk management capabilities in continuous , with a view to achieving long-term development and using outstanding quality performance to reward investors.

Miao Hangen said that focusing on the organic and stable growth of the company in the long term and fully creating value is the best profit for the company’s shareholders. According to reports, Oriental Shenghong has always attached great importance to shareholder returns and maintained the continuity and stability of its cash dividend policy. It has demanded cash dividends for five consecutive years, with a cumulative dividend of 2.84 billion yuan.

“Although the industrial scale is developing rapidly, the company cherishes the trust and support of all investors.” Miao Hangen said that Dongfang Shenghong will maintain the long-term trust relationship between investors and the company, form a virtuous interactive circle, and establish a virtuous interactive circle. a good foundation for the company We should maintain an honest, open and inclusive capital market image and fully implement the company’s “value communication” work.

“There is no shortcut to improving the quality and value of the company’s investment. We must do a good job in business operations in a down-to-earth manner and strive to continuously improve investor service levels.” Jingzhu said there could be an increase in the company’s operations. and uneven nature, but as long as the company’s original intention of “improving the quality of the company and improving the value of investment” remains the same, and it continues to adhere to the bottom line of standardized operations. At the same time, it unwaveringly adheres to the direction of corporate innovation and transformation strategies The company’s long-term investment value will ultimately shine through.

Proofreading: Liu Rongzhi

Disclaimer: Securities Times endeavors to provide true and accurate information. The content mentioned in the article is for informational purposes only and does not constitute substantive investment advice. Any actions based on this are at your own risk. yourself

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