The Central Conference on Economic Work for three consecutive years “aims” to improve the quality of listed companies about 40% of listed companies participated in mergers and acquisitions during the year_ 东方 Fortune.com



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How to “take the pulse” of China’s high level of economic development next yearmeeting, The Central Economic Conference held from December 16 to 18jobsAt the meeting, in finalizing the arrangements for economic work in 2021, he again emphasized thethe companyQuality ”. The journalist noted that this is the third consecutive year that the conference has focused on improving the quality of listed companies.

  Northeast ValuesMain strategyAnalystIn an interview with a Securities Daily reporter, Deng Lijun analyzed that the Central Conference on Economic Work was deployed for three consecutive years to “improve the quality of listed companies”, reflecting the high level of capitalmarket, Especially the great attention to listed companies. The signal behind this is also to hope that listed companies can achieve higher quality development so that the capital market can fully play the role of an economic barometer, thus increasing the value of the capital market investment and , ultimately, giving full play to the function of capital market service entities.

“At present, it can be said that the capital market has an impact and affects the whole body of China’s financial operations, and further improve the quality of listed companies is of great importance to build a system modern economic development and achieve high-quality economic development. ” Pang Ming, chief economist at Huaxing Securities, also said that from the time-lapse perspective, the three consecutive years of implementation of the Central Economic Work Conference also show from the side that improving the quality of listed companies will be a long and tough battle, and its purpose is naturally By deepening reforms and improving the quality of listed companies, we will create a more standardized, transparent, open, dynamic and resilient capital market.

It should be noted that listed companies are the cornerstone of the capital market, and their quality is not only directly related to the “quality standards” of the capital market, but also has a relatively high proportion of the “right to speak “for the high-quality development of the entire Chinese economy. “The data shows that as of December 20, the number of companies listed in A shares has risen to 4,114, with a totalMarket valueAbout 81.985 billion yuan. Due toNational Statistical OfficeThe last one has not yet been announcedGDPAccording to the data, if we only look at the situation in 2019, the ratio of stock market value A to GDP has reached more than 60%.

Tian Lihui, dean of Nankai University Financial Development Institute, said in an interview with a Securities Daily reporter:companyyesMarket economyThe driving force of publicly traded companies is a relatively high-quality part of China’s large number of business groups. As a platform for optimizing the allocation of resources, the capital market is based on the healthy development of outstanding investment objectives, that is, listed companies with a core of competitiveness. Overall, China’s economic development requires not only the joining of forces of companies and the market, but also the continuous improvement of the quality of listed companies.

In fact, in order to further improve the quality of listed companies, the State Council formally issued the “Opinions on Further Improvement of the Quality of Listed Companies” in September this year, focusing on improving the quality of listed companies. listed companies.Corporate governanceMany arrangements have been made to promote the development of listed companies and improve the exit mechanism of listed companies.If it is clearly stated in terms of promoting better and stronger listed companies, it is necessary to promote commercialization .MOTHERReorganizationUnleash the capital marketFusions and acquisitionsThe Role of the Main Channel in Encouraging Listed Companies to RevitalizeValues, Improve quality and efficiency, transform and develop.

According to the data, a reporter for Securities Daily found thatadExcluding cases of failed transactions, as of December 20 of this year, a total of 2,231 mergers and acquisitions took place in the A-share market. After excluding duplicates, 1,494 listed companies participated, representing approximately 36.32% of the total. of listed companies. In terms of progress, 715 have been completed and 1516 are in process.

In Tian Lihui’s view, improving the quality of publicly traded companies requires not only the survival of the fittest, but alsoborrowHelp market-oriented mergers and acquisitions and reorganization for better and stronger. Bringing in the old and bringing forth the new is the vitality of the market economy. Driven by the comprehensive promotion of registry system reform, future mergers and acquisitions are expected to respect market options and reduce unnecessary administrative intervention; Mergers and acquisitions entities should also choose their merger objectives carefully based on their own development and market conditions. ,achieveSynergyWe must merge for “strong”, but not for “great”. Overall, under the new pattern of development, capital market mergers and acquisitions are expected to emerge at an accelerated pace in the future.

From a specific M&A direction perspective, Deng Lijun believes that the first thing that can be anticipated is that future mergers and acquisitions and the A-share reorganization will show a trend of diversification and complexity. fully push the reform of the registry system.Shell ResourcesGreater depreciation of the value, which willRear door listingEither the replacement and reorganization of the fixed increase is more rare, corresponding to it, or future mergers and acquisitions will pay more attentionindustryChain coordination and mutual benefit, that is, more mergers and acquisitions will be high-quality oriented.

(Source: Securities Daily)

(Responsible editor: DF380)

I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.

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