Strive to add 15 new listed and past enterprises throughout the year, add more than 250 billion yuan of direct financing, mergers and acquisitions and restructuring scales, dynamically retain more than 300 key reserve listed enterprises, and the number of risk listed companies and high equity pledge ratio listed companies continues to decline… This afternoon (March 1), the city’s capital market work site promotion meeting proposed that in the new year, the “Phoenix Action” Ningbo plan is comprehensively upgraded, vigorously promote ten key tasks, fully promote the high-quality development of the “Ningbo plate” of the capital market, and provide strong support for the construction of a modern coastal metropolis.
Entering a new stage of development, Ningbo financial institutions focus on the big financial concept of “multi-cross coordination”, firmly seize the historic opportunity of capital market reform, and promote the “Ningbo plate” of the capital market to become bigger and stronger. At present, there are 127 listed companies at home and abroad in the city, including 108 A-share listed companies, ranking 7th among cities in the country. The market value of A-share listed companies reached 1.41 trillion yuan, ranking 9th among cities in the country. This year, the city will deeply implement the “Phoenix Action” Ningbo plan, through ten key tasks, to create a “stronger” listed company, form a more “excellent” market structure, stimulate a “bigger” innovation momentum, build a more “accurate” prevention mechanism, and provide more “practical” comprehensive services.
Tackle the “Phoenix Action” to transmit and implement, and guide all districts (counties, cities) to increase support and incentives for promoting the listing of enterprises and the high-quality development of listed companies; Accelerate the expansion of the listing of tough enterprises, seize the opportunity of comprehensive registration system reform, and combine domestic and overseas, direct and indirect, initial offering and backdoor to promote multi-channel listing. The reserve echelon for tackling tough problems continues to grow, adhere to the combination of industrial cultivation and listing cultivation, and establish a reserve pool of city-level enterprises to be listed at different levels, industries and echelons.
Tackle the growth of the scale of direct financing of mergers and acquisitions, encourage listed companies to base themselves on their main business, carry out domestic and overseas mergers and acquisitions and restructuring of horizontal and vertical industrial chains, and support all kinds of financial institutions to actively and steadily provide financing support for enterprise mergers and acquisitions. Tackle the pilot market innovation of the fourth board, and support the Ningbo Stock Exchange and the three major exchanges of Beijing, Shanghai and Shenzhen to jointly build a standardized cultivation mechanism for enterprises. Tackle the healthy development of equity investment, study and introduce special policies to support the development of the equity investment industry, promote the pilot of qualified foreign limited partners (QFLP) and qualified domestic limited partners (QDLP), and further improve the level of financial openness.
In addition, the city’s financial system will also do a good job in risk mitigation in key areas, improving the strength of intermediaries, integrating and empowering digital intelligence reform, and training and publicity, so as to provide comprehensive service guarantees for the high-quality development of the regional capital market.
At the meeting, the outstanding financial advisory group, advanced financial advisory unit and excellent financial consultant in Ningbo in 2021 were commended. The Ningbo Municipal People’s Government signed a strategic cooperation agreement with the Beijing Stock Exchange and the National Stock Transfer System, and the Ningbo Service Base of the Beijing Stock Exchange was officially awarded. In the future, the three parties will strengthen exchanges and cooperation on the exploration and cultivation of reserve resources of listed enterprises, regional equity market linkage, market risk prevention and disposal, etc., and smooth the growth channels of innovative small and medium-sized enterprises in Ningbo.
This article is reprinted, if there is infringement, please inform, will be deleted in the first time!
(Contributed by Ningbo Municipal Commission of Commerce)