In recent years, as a hub for promoting scientific and technological innovation and the transformation and upgrading of the real economy, the capital market has gradually become a "booster" for industrial upgrading and an "incubator" for innovation and entrepreneurship.
Nowadays, with the opening of the Beijing Stock Exchange and the continuous advancement of the registration system, how can Henan create and promote a good ecology for the high-quality development of the capital market? How to build a high-quality development system of the capital market that meets the characteristics of regional industries?
On the morning of December 3, the fourth event of the 2021 (17th) Dahe Wealth China Forum - "High-quality Development of Capital Market" Cloud Forum will be launched, and a number of scholars, experts and entrepreneurs will participate in this discussion to provide suggestions and suggestions for the high-quality development of Henan Capital Market.
The capital market will become a hub for promoting scientific and technological innovation and the transformation and upgrading of the real economy
To achieve high-quality economic development, the capital market has a heavy responsibility on its shoulders.
A few days ago, the People's Daily pointed out that the capital market has a role in financial operation, and it is necessary to adhere to the principle of "building a system, non-intervention, and zero tolerance" to create a standardized, transparent, open, dynamic and resilient capital market, making it a hub for promoting scientific and technological innovation and the transformation and upgrading of the real economy.
In fact, as an important part of the modern financial system, the capital market has shown strong momentum and tenacity in serving the real economy, especially in promoting high-quality development.
Not long ago, the Beijing Stock Exchange successfully opened its market, which has become another important milestone in the process of comprehensively deepening reform of China's capital market. The relevant person in charge of the CSRC said that the official opening of the Beijing Stock Exchange is another major innovative measure to deepen the reform of the New Third Board and promote the high-quality development of the capital market after the official launch of the selected layer in July last year; it is also a new starting point for the New Third Board market to actively explore the road of inclusive finance with Chinese characteristics in the past 8 years since the operation of the New Third Board market.
According to the statistical communiqué on national economic and social development in 2020 released by the National Bureau of Statistics a few days ago, the cumulative financing of A shares on the Shanghai and Shenzhen exchanges in 2020 was 1,541.7 billion yuan, an increase of 188.3 billion yuan over the previous year, of which 474.2 billion yuan was raised in initial public offerings, an increase of 90% year-on-year. In the whole year, various entities raised 8,477.7 billion yuan through bonds issued by the Shanghai and Shenzhen exchanges, an increase of 17.8% year-on-year. These data reflect that the capital market has generally maintained a steady momentum of development, which has strongly supported the accelerated recovery and development of the domestic economy.
"As an important part of the modern financial system, the main functions of the capital market are embodied in the three aspects of resource allocation, asset pricing and risk management, so it is not only a 'barometer' for a country's economic development, but also a 'booster' for economic transformation and upgrading, and therefore plays an important role in the hub of factor resource allocation, policy transmission, risk prevention and resolution, and expectation guidance." Deng Shubin, chief economist of Zhongyuan Securities, said.
The cloud discusses the development of Henan's capital market
In recent years, Henan's IPO has expanded rapidly, listed reserve enterprises are full of vitality, various funds have accelerated their development and helped industrial innovation and upgrading, and the "price discovery" function of futures has been highlighted, supporting the revitalization of Henan's rural areas, and the capital market in our province is in the ascendant. However, compared with many domestic regions, there is still a gap in Henan's capital market. How to develop the capital market with high quality? How to help industrial upgrading and innovation and entrepreneurship in the future?
In this context, Dahe Fortune Cube launched the 2021 (17th) Dahe Wealth China Forum - "High-quality Development of Capital Market" Forum, inviting a number of well-known experts to discuss the high-quality development of Henan Capital Market.
At that time, Hu Ruyin, former chief economist of the Shanghai Stock Exchange, Sun Xinlei, director of the Economic Committee of the Henan Provincial Committee of the Chinese People's Political Consultative Conference, Li Tao, counselor of the Henan Provincial Government and former director of the Department of Industry and Information Technology of Henan Province, and Zhang Peng, deputy director of the Research Center for Listed Companies of the Chinese Academy of Social Sciences, will discuss this topic in different ways.
"In the past decade, the capital market in our province has developed rapidly, but compared with the developed coastal areas, the capital market is still the short board of the economic development of our province." Sun Xinlei said that the capital market is a booster of innovation and development, and a key hub of the entire financial market. Without the corresponding development of the capital market, even if there is the strength of scientific and technological research and development, it is impossible to enlarge the scientific research results from the laboratory to the "field and workshop", and it is impossible to form a real competitive advantage.
In Sun Xinlei's view, to develop the capital market, first of all, we must grasp the listing of enterprises, we must also do a good job in bond financing, and make good use of local government special bonds; second, we must pay attention to the development of funds; in the process of upgrading the industrial structure, the creation and development of strategic emerging industries and high-tech industries are the most critical, and funds are the best financial tools to promote their development; third, we must also pay attention to risk prevention and resolution. Whether it is the listing of enterprises, or bond financing, fund investment, will face the risks brought about by future uncertainty, only the establishment of a "firewall" in a timely manner, or the timely resolution and disposal of risks, in order to enable enterprises and the entire economy to enjoy the dividends of capital market development.
Wind data shows that in 2020, a total of 7 Henan companies successfully landed in domestic A-shares, hitting a new high in recent years. Since 2021, with the opening of the Beijing Stock Exchange, the number of Henan enterprises landing on the domestic A-share capital market has reached 10. According to the website of the Henan Securities Regulatory Bureau, as of November 29, a total of 9 enterprises in Henan intend to land on the Shenzhen ChiNext board, of which Kaiwang Technology and Hualan Vaccine have passed the review and approval of the Issuance Review Committee; 2 Yu enterprises intend to land on the main board of the Shenzhen Market; 1 enterprise intends to land on the Shanghai Science and Technology Innovation Board; and 4 enterprises intend to land on the Beijing Stock Exchange. In addition, as of November 29, 45 Yu enterprises, including Mi Xue Bingcheng, are in the process of counseling.
The Fortune Forum blooms in the clouds and continues to be staged every week
Draw strength from history, seek new roads with reform, and break the old situation with innovation. The theme of the 2021 (17th) Dahe Fortune China Forum is "New Journey of Modernization, History Illuminates the Future", and the sub-theme is "Brave to Be the First and More Brilliant New Henan", which is jointly sponsored by Henan Daily Newspaper Group, Dahe Network Media Group and Finance Museum, and hosted by Dahe Finance Cube and Zhongyuan Finance Museum.
The annual Dahe Fortune China Forum meets as scheduled, and the wonderful forum continues to be staged every week. On November 15th, Dahe Finance Cube invited experts and scholars, securities companies and entrepreneurs from Beijing, Shenzhen and Henan to hold an online forum to talk about "Beijing Stock Exchange and Henan Opportunities". With the holding of the first event, the 2021 (17th) Dahe Fortune China Forum season officially opened, and the parallel activities of this forum will also be presented one after another, focusing on the annual focus issues, and implementing the ideological meeting and link empowerment.
On November 26, the 2021 (17th) Dahe Fortune China Forum held its third online event. The event focused on the high-quality development of the county economy, through the field visits of reporters in the early stage, face-to-face interviews with the secretary of the county party committee, and invited experts to comment and share on the spot, and finally presented a dialogue on "the new pattern of high-quality development of the county" in the "cloud".
The reporter learned from the organizing committee of the event that from November 15 to the end of December, in this period of more than a month, industrial and commercial leaders, famous economists, etc. will propose China's development and reform on different topics, and take the pulse of the growth rhythm of the new Central Plains.
Editor-in-charge: Tao Jiyan | Review: Li Zhen | Director: Wan Junwei