The capital market has set off a boom in visiting listed companies.
On January 29 this year, a national video conference was held to deploy the work of visiting listed companies and promoting the high-quality development of listed companies. The reporter learned that in half a year, the securities regulatory system continued to visit about 638 listed companies with local governments, listened to the demands and suggestions of enterprises, and jointly studied the path to break the situation with enterprises, and achieved good results.
Industry experts believe that listed companies are the "basic disk" of the real economy and an important micro foundation for high-quality economic development. Many places have visited listed companies to understand the development difficulties and blockages that listed companies are currently facing, and send a strong signal that the government supports the high-quality development of the capital market and listed companies.
Regulators frequently visit listed companies
Recently, local securities regulatory bureaus, together with local governments, have visited listed companies in their jurisdictions.
On July 25, the main responsible comrades of the Qinghai Securities Regulatory Bureau led a team to visit and investigate the listed company Jinrui Mining in conjunction with the Shanghai Stock Exchange. During the investigation, the research team held a discussion with the representatives of the company's controlling shareholders, the company's management and the annual report audit institution, listened carefully to the report of the company's person in charge on the company's production and operation, industrial layout, core technology, key project construction, development planning, etc., and learned more about the practical difficulties faced by the company's operation and development.
On July 23, Hebei Securities Regulatory Bureau went to Hebei Construction Investment Group for investigation. Hebei Securities Regulatory Bureau said that Hebei Construction Investment Group and its subsidiaries should actively make good use of the multi-level capital market, seize policy opportunities, comprehensively use various capital market tools in the "stock and debt base period", give full play to the role of the capital market as an important engine to accelerate the cultivation of new quality productivity, do a good job in market value management, continuously improve the asset quality of listed companies and enterprises to be listed, and adhere to standardized management and operation. We will move in the same direction as the regulators, boost market confidence, and form a joint force for development.
From July 17th to 19th, the Financial Office of the Hunan Provincial Party Committee and the Hunan Securities Regulatory Bureau went to Yueyang and Changsha to investigate some listed companies in Hunan, guide the prevention and resolution of listed companies' risks, coordinate and solve the difficult problems of listed companies, and promote the high-quality development of listed companies. This research activity takes the form of a combination of on-site visits and symposiums. The senior management of the company reported in detail the difficult problems faced by the company and the preventive measures to be taken. The participants discussed how to respond to market changes, optimize the business structure, and enhance the core competitiveness around the difficult problems faced by the company, and jointly made suggestions for the company to get out of the predicament.
On July 10, the main person in charge of Qingdao Securities Regulatory Bureau led a team to visit Shinan District, Qingdao City, together with the Shanghai Stock Exchange and some intermediaries. The visiting working group visited the listed company Decai Co., Ltd. in Shinan District, Qingdao City, as well as Zhancheng Technology, Jindong Digital Innovation, Songli Group and other listed backup enterprises in the fields of integrated circuits, cultural creativity, smart parking, etc., visited the product exhibition hall and R&D center, discussed and exchanged views with the person in charge of the enterprise, learned about the development history, product research and development, market prospects, etc., asked about the difficult problems faced by the enterprise, listened to opinions and suggestions, preached the latest policies of the capital market, and put forward hopes and requirements for the enterprise in combination with the actual situation.
The mechanism of visiting listed companies is normalized
The above-mentioned recent case is a microcosm of the normalization mechanism for visiting listed companies, starting with the "National Video Conference on Deploying Visits to Listed Companies and Promoting the High-quality Development of Listed Companies" presided over by Vice Premier He Lifeng of the State Council on January 29, and the securities regulatory bureaus and local government organizations began to visit listed companies. On March 15, the China Securities Regulatory Commission issued the "Opinions on Strengthening the Supervision of Listed Companies (Trial)" (hereinafter referred to as the "Opinions"), pointing out that it is necessary to establish a normalized mechanism to visit listed companies in conjunction with local governments and relevant departments to solve practical problems, and promote the resolution of specific difficulties and problems faced by listed companies. Since then, local securities regulatory bureaus, together with local governments, have continued to improve the working mechanism of regular visits to listed companies, continue to carry out visits, based on helping listed companies solve difficulties in operation and financing, and effectively promote the continuous improvement of the quality of listed companies.
The reporter learned that in half a year, the securities regulatory bureaus continued to visit about 638 listed companies with local governments, listened to the demands and suggestions of enterprises, and jointly studied the path to break the situation with enterprises, and achieved good results.
Taking the Shaanxi Securities Regulatory Bureau's visit to listed companies as an example, the Shaanxi Securities Regulatory Bureau, together with the local government, has carried out two rounds of visits to the industry's leading high-quality listed companies in the jurisdiction, and the number of visits has reached 14 during the year, accounting for 17.28% of the total number of companies in the jurisdiction. Through the visits, a number of listed companies have gradually solved their problems. For example, one listed company in the cultural and tourism category reported that the company's accounts receivable balance in recent years is relatively high, most of which are the management remuneration of the company entrusted by the government to operate and manage open scenic spots, and the problem of difficult payment collection is prominent. At present, under the supervision of Shaanxi Securities Regulatory Bureau, Shaanxi Provincial Party Committee Financial Office and Xi'an City, the company has received more than 6,000 yuan in arrears. For another example, a new material listed company in Xi'an reported that its industrial projects due to the "county reform", the adjustment of the functions of government departments, the adjustment of surrounding planning caused by the change of project design, and the planning permit procedures for the construction land of the industrial park project that have been put into operation are long, and it is hoped that the relevant departments will reapply for it. After the provincial departments and Xi'an City focused on supervision, investigation of the reasons and the issuance of relevant documents, the company has obtained the construction project permit in mid-June.
Industry insiders said that visiting and researching listed companies, on the one hand, is to effectively solve the practical difficulties and problems of enterprise development, effectively break the bottlenecks and obstacles of development, establish and improve the feedback mechanism for the normalization of high-quality listed companies, and use the high-quality development of listed companies to help boost confidence, stabilize the capital market and develop the economy with high-quality development. On the other hand, it is necessary to improve the standardized operation and governance level of listed companies, focus on "promoting development and re-returning", further support listed companies to use the capital market to become better and stronger, guide listed companies to increase the frequency of dividends, improve the level of dividends, and actively safeguard the rights and interests of shareholders through increasing holdings and repurchases, so that investors can have a greater sense of gain.
The reporter learned that in the next step, the local securities regulatory bureaus will still take the normalized visit to listed companies as an important starting point for doing a good job in the supervision and service of listed companies, accurately grasp the respective development characteristics of listed companies, and promote the high-quality development of the capital market based on solving the specific difficulties and problems faced by listed companies in the development.
Editor-in-charge: Zhu Yumeng
Proofreader: Li Lingfeng
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