Fang Xinghai, vice chairman of China Securities Regulatory Commission, said in his speech that the depth and breadth of China's capital market reflects the opportunity of China's big market, and high-quality A-share listed companies have concentrated the high-quality development of China's economy. The continuous opening of China's capital market will make it more convenient for international investors to invest in A-shares.
At present, 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. In the first three quarters of this year, the amount of IPO funds raised by Shanghai and Shenzhen Stock Exchanges ranked first and second in the world.
The multi-level capital market has been continuously improved, and the pilot registration system of science and technology innovation board and growth enterprise market has landed one after another, greatly enhancing the attractiveness of the capital market to high-quality enterprises. China's capital market and major international markets are in different internal cycles, which increases the value of China market to global investors. Fang Xinghai said.
A-share listed companies, as outstanding representatives of China's economy, provide sufficient investment options and good returns for domestic and foreign investors.
In the first three quarters of this year, the profits of more than 4,800 listed companies in Shanghai and Shenzhen stock markets exceeded 80%, * * * realized an operating income of 52 trillion yuan, up 8.5 1% year-on-year, and the profits of listed companies accounted for 76% of the profits of enterprises above designated size; There are more than 2,200 listed companies in strategic emerging industries, and technological and business innovation has also become a highlight for listed companies in China to attract international investors.
Fang Xinghai said that in recent years, with the strong support of the capital market, a number of listed companies have made great innovations in photovoltaic, electric vehicles and other industries, which has promoted China to achieve a global leading position in these fields. In addition, more and more listed companies actively disclose ESG reports and strive to practice new development concepts.
In addition, Fang Xinghai also said that the CSRC has conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council to expand financial opening, and the measures for opening up high-level institutions in the capital market have gradually landed, the market interconnection mechanism has been continuously optimized, the basic trading system has been continuously improved, international varieties have been continuously increased, and domestic and foreign investment and financing channels have been continuously broadened, attracting more and more overseas institutions to invest in China's convention and exhibition industry.