In the first three quarters of this year, 80% of the more than 4,800 listed companies in Shanghai and Shenzhen were profitable, with total operating income of 52 trillion yuan, up 8.51% year-over-year. the companies accounted for 76% of the profits of the firms above the designated size.
“Currently, China’s stock, bond and futures markets rank second in the world and the total market value of listed companies is nearly 80 trillion yuan. Fundraising in the A stock market has grown steadily. The first three quarters. This year’s IPO funds raised by the Shanghai and Shenzhen stock exchanges are classified as global transactions. The first and second place in the company. “On November 9, Fang Xinghai, vice president of the China Securities Regulatory Commission, said in his speech at the Shanghai Stock 2022 Exchange International Investor Conference that the depth and breadth of the Chinese capital market reflects the great opportunities of the Chinese market.
Fang Xinghai pointed out that the continuous improvement of the multilevel capital market and the subsequent implementation of the pilot registration system for the Science and Technology Innovation Board and the ChiNext Board have greatly improved the attractiveness of the capital market for high-quality enterprises. China’s capital market is in a different internal cycle from major international markets, which increases the value of the Chinese market for global investors.
In addition, Fang Xinghai believes that high-quality A-share listed companies collectively demonstrate the high-quality development of the Chinese economy. As an excellent representative of the Chinese economy, listed companies with A shares offer domestic and foreign investors sufficient investment options and good returns.
According to Fang Xinghai, in the first three quarters of this year, more than 4,800 companies listed in Shanghai and Shenzhen made 80% of profits, with a total operating profit of 52 trillion yuan, a year-over-year increase of 8. , 51% Profits of listed companies accounted for 76% of profits of companies above the designated size. There are more than 2,200 listed companies in emerging strategic sectors, and technological and business innovation has also become a highlight for Chinese listed companies to attract international investors. In recent years, with strong support from the capital market, a group of listed companies have sought to innovate in sectors such as photovoltaics and electric vehicles, promoting China’s global leadership in these fields. In addition, more and more listed companies actively disclose ESG reports and strive to implement new development concepts.
“The continued opening up of the Chinese capital market will make it cheaper for international investors to invest in A shares.” Fang Xinghai further said that the CSRC has conscientiously implemented the decision-making and deployment of the Central Party Committee and the State Council to expand financial openness, and the high-level institutional opening of the capital market has been gradually implemented. market interconnection mechanism has been continuously optimized, the basic trading system has been continuously improved, the international variety has continued to increase, and the investment and financing channels have continued to expand, attracting more and more foreign institutions to invest in China.
The author of this article: Ge Jia, source:The paperthe original title: “Fang Xinghai: Shanghai and Shenzhen stock exchanges ranked No. 1 and No. 2 in the world in the IPO fundraising in the first three quarters”
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