author：source：News CenterTime：2023-08-27 14:50:00
The 2023 China Listed Companies Forum was held grandly in Shanghai from August 26th to 27th. Li Shijie, Vice Chairman of the Central Committee of the China Democratic National Construction Association and the Standing Committee Member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), Zhou Hanmin, the Standing Committee Member of the National Committee of the CPPCC and Chairman of the Think Tank Committee of the China Listed Companies Forum, Song Hai, Chairman of the Academic Committee of the China Listed Companies Forum and former Vice Governor of Guangdong Province, leaders from securities regulatory authorities, renowned domestic and foreign economists, as well as those representatives from numerous listed and pro-listed companies were invited to attend. Mr. Zhang Hanming, the founder of WZBC, and other WZBC leaders Li Yang, Zhou Xiangzhe, Xie Jian, and Zhang Xiaohong, together with members of the leadership team from the School of Finance and Trade, attended the forum. Li Yang delivered a speech, Xie Jian presided over the second stage of the forum, and Zhang Xiaohong gave a keynote speech.
Currently, China’s economy has transitioned from a phase of high-speed growth to that of high-quality development. How listed companies can foster and strengthen strategic emerging industries and play a prominent role in the process of China’s modernization is a topic of widespread concern. With the theme of Fostering and Strengthening Strategic Emerging Industries, Enhancing the Modernization of the Industrial System, this forum brought together participants to discuss economic hotspots, analyze policy trends, share research results, and monitor market developmentss. The forum was a vibrant platform for exchanging ideas and stimulating thoughts. Professor Li Yang, President of Wenzhou Business College, Director of the National Financial and Development Laboratory, and Member of the Chinese Academy of Social Sciences, elaborated on the differences between the registration system and the approval system, as well as the challenges brought about by the comprehensive implementation of the registration system in his speech. He also expressed the hope that through the forum, deeper exchanges and cooperations with various sectors of society could be achieved, further enhancing the constructive role of the Chinese Listed Companies Forum in China’s capital market.
At the forum, Zhang Xiaohong, Chairman of the China Listed Companies Forum, Vice President of Wenzhou Business College, Dean of the China Financial Research Institute at Zhejiang University of Finance and Economics, and Senior Partner at Jintiancheng Law Firm, released the report of 2023 Evaluation Report on the Comprehensive Competitiveness Ranking of Chinese Listed Companies and the Analysis of Economic Situation. The evaluation report, published by the China Financial Publishing House and authored by the research team of the China Financial Research Institute at Zhejiang University of Finance and Economics, has been published for the eighth consecutive year. Based on the domestic and international macroeconomic trends, the report systematically compares and calculates various indicators of Chinese listed companies, utilizing scientific research methods to form a comprehensive competitiveness evaluation system. This system can comprehensively and scientifically assess whether a company has achieved leading levels in innovative development, growth quality, profitability and other aspects domestically. Zhang Xiaohong stated that listed companies are an important driving force for economic development. In the future, with increasing efforts in share buybacks and shareholdings, not only will it help alleviate the pressure of existing shareholders in reducing their holdings, but it will also bring in new funds to the market, contributing to the stability of the market operations.
The forum consisted of two stages, presided over by Song Hai, Chairman of the Academic Committee of the China Listed Companies Forum and former Vice Governor of Guangdong Province, by Professor Xie Jian, Director of the Academic Committee of Wenzhou Business College, and also by Wang Shengyang, Deputy Chairman of the Shanghai Municipal Committee of the China Democratic National Construction Association. Based on the research results of the Evaluation Report on the Comprehensive Competitiveness Ranking of Chinese Listed Companies and combined with analysis from industry institutions and relevant experts as well as the objective data from enterprises, the organizing committee selected a number of awards including the Innovation Award, Public Welfare Award, Golden Secretary Award, and Golden CFO Award.
It is reported that the China Listed Companies Forum is a non-profit organization and a legal entity that has successfully organized twelve sessions so far, inviting leaders from various levels of government and securities regulatory departments, renowned economists from both domestic and international institutions, as well as representatives from over 600 listed companies and companies planning to go public to attend each year. The China Listed Companies Forum annually publishes the Evaluation Report on the Comprehensive Competitiveness Ranking of Chinese Listed Companies blue book and strives to create the CSI Core Competitiveness 50 Index (Stock Code: 921526). Additionally, they give annual awards to recognize companies and individuals for their innovation, best public welfare practices, outstanding CFOs, and excellent company secretaries.
Wenzhou Business College is the only undergraduate institution in Southern Zhejiang, Northern Fujian, and Eastern Jiangxi that focuses on business education. It has long attached great importance to the development of finance disciplines, with applied economics and finance listed as provincial first-class disciplines and undergraduate program construction sites. The college has established research platforms such as the Regional Financial Research Institute to conduct continuous research on significant economic and social development issues, including regional financial risk prevention and control. It has obtained a few national social science major and key projects, a rarity among private universities, and has published articles in authoritative domestic and international journals such as Management World and the Journal of Business Research. Over the past three years, their research findings have been endorsed and adopted by provincial and municipal levels in more than ten cases. The team was invited to write the 14th Five-Year Plan for financial development in Wenzhou, and their professional competence has been widely recognized by various sectors of society. By participating in the China Listed Companies Forum, the college aims to integrate its platform and industry resources to further enhance the level of finance discipline construction and cultivate more high-quality and application-oriented talents in the field of business education for society.
According to Li Shijie, Vice Chairman of the Central Committee of the China Democratic National Construction Association and the Standing Committee Member of the National Committee of CPPCC, the current new round of technological revolution and industrial transformation is at a historical juncture for significant breakthroughs. Global technological innovation is experiencing an unprecedentedly intensive and active period. As China’s economy is in a critical period of transformation and upgrading, it is crucial to fully leverage the significant role of the capital market to accelerate the development of strategic emerging industries, which will serve to multiply economic growth, better convert development mode and boost industrial upgrading. In that way, it could help facilitate the transformation and improvement of the modern industrial system and seek the optimal solutions for China’s practice and future development in achieving its own style of modernization.
Zhou Hanmin, Member of the National Committee of CPPCC and Chairman of the Think Tank Committee of the China Listed Companies Forum, pointed out that as outstanding representatives of Chinese enterprises, listed companies should shoulder the crucial responsibility of achieving high-quality development in the digital economy era. He emphasized that listed companies needed to take technological innovation as the core driving force, implement the leader-oriented project for digital transformation, which should be continuously promoted to enhance quality, improve efficiency, and empower the high-quality development of listed companies.
Zhao Shanxue, Deputy Director of the Supervision Department of Listed Companies under the China Securities Regulatory Commission (CSRC), delivered a speech titled Enhancing the Quality and Efficiency of Bankruptcy Reorganization to Improve the Quality of Listed Companies. In his speech, he delved into common issues encountered during the reorganization process of listed companies. He proposed that mechanisms such as mergers, acquisitions and bankruptcy restructuring ect. should be improved to support the entry of high-quality assets into listed companies, which he believed would enhance the quality and efficiency of those listed companies.
Wang Bo, Deputy General Manager of the Shanghai Stock Exchange (SSE), delivered a speech titled Improving the Capital Market Ecosystem and Facilitating the Construction of Modern Industrial Systems. He believed that the SSE should continue to leverage its resource advantages and policy guidance, seize the opportunity of comprehensive registration system reform, and further enhance the important role of the capital market in supporting the construction of modern industrial systems. It should focus on continuously improving the accuracy and accessibility of services, thus promoting the high-quality development of listed companies.
Fu Yan, Deputy Director of Listed Companies Regulation Committee of Shenzhen Stock Exchange delivered a speech on Effectively Implementing the “Two No Irresolutions” Principle and Facilitating the Cultivation of Listed Companies that Meet the High-Quality Development Requirements. He emphasized that listed companies should maintain confidence, focus on their core businesses, strengthen and consolidate their main operations to continually enhance their core competitiveness. Moreover, they should also raise their awareness of standardized operation, consistently improving their corporate governance capabilities. Additionally, Fu Yan encouraged listed companies to take a good advantage of capital market instruments such as merger and reorganization, refinancing, equity incentives, and employee stock ownership plans, which would help promote high-quality development for enterprises.
Zhang Mei, Deputy General Manager of the Beijing Stock Exchange (BSE), delivered a speech titled Exploring New Models to Improve Corporate Governance and Solidify the Foundation for High-Quality Development of Small and Medium-sized Listed Companies. Since its establishment, the BSE has witnessed positive changes in the quality of listed companies, such as the continuously strenthened resilience of operations, ever improved governance mechanisms, gradually enhanced quality of information disclosure and better promoted investor relations management. The BSE is also committed to building a new ecosystem that could promote the value enhancement of small and medium-sized enterprises. Through technological supervision and ongoing special actions on corporate governance, the BSE aims to constantly upgrade the quality of listed companies.
Shao Yu, Chief Economist of Dongfang Securities Co., Ltd., delivered a speech on Analysis of Macroeconomic Trends and Capital Market Research. He believed that the key to addressing China’s moderate economic growth in the next fifteen years lies in whether it can foster its own industrial revolution. Artificial intelligence, big data, cloud computing, and blockchain may become driving forces for China’s development, empowering traditional industries and giving rise to super-giant enterprises.
（Translator : Zheng Yang）
浙公網安備 33030402000431號
