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The Shanghai Stock Exchange (SSE) will convene the 12th General Meeting from July 18 to July 22, 2022, lasting 5 days. The General Meeting, as an important platform for the SSE to improve its governance structure for the legal entity and enhance the synergy of its members, is of great significance to the high-quality development of the SSE and the capital market. Given the current situation of epidemic prevention and control across China, this General Meeting is held online and mainly reviews the work reports of the Board, the President and the Board of Supervisors in 2021, the financial budget and final accounts report, as well as the proposal of authorizing the Board to review and approve documents related to budget and final accounts under specific circumstances. The representatives of the members can review documents, vote, and give feedback through the General Meeting System of the SSE.
Under the correct leadership of the China Securities Regulatory Commission and the strong support of all the members, the SSE resolutely implemented the major decisions of the CPC Central Committee and the State Council, adhered to the overall goal of building a "standardized, transparent, open, dynamic and resilient" capital market, and integrated its work into the overall economic and social development in 2021. In the past year, the SSE has made some achievements in strengthening the CPC's leadership, implementing the patrol rectification measures and the application of results, promoting the construction of the STAR Market and the registration system reform, serving the real economy, ensuring the smooth operation of the market, and promoting the digital transformation. It further enhanced its core competitiveness, and contributed a lot to the capital market and the economic and social development of China. By the end of 2021, the SSE had 2,037 listed companies with a total market value of 52 trillion yuan, ranking third and second in the world respectively in terms of total market value and capital raised. As a "test field" for registration system reform, the STAR Market further played its role in improving the quality and efficiency of the real economy and supporting the enterprises' scientific and technological innovation. By the end of 2021, a total of 178 companies had applied for and 162 listed on the STAR Market, raising 202.9 billion yuan at IPO.
The year 2022 will witness the 20th National Congress of the CPC. It's a key year for the implementation of the comprehensive registration system reform, and an important strategic opportunity for the high-quality development of the capital market. Standing at the new key point, the SSE will continue to follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and thoroughly implement General Secretary Xi Jinping's important instructions on the capital market and the spirit of the Sixth Plenary Session of the 19th CPC Central Committee to keep stable development and strive for progress in stability. The SSE will adhere to its national and political attributes, keep its political nature and people nature of financial work in mind, and take the sense of acquisition of all parties in the market as an important indicator for its construction and development. The SSE will continue to pool the strength of its members, work together to give full play to the function of the capital market, and speed up the construction of a world-class exchange. The SSE hopes to, through this General Meeting, work with all the members to better integrate the overall leadership of the CPC into its governance system, coordinate risk prevention and control with market development, serve the real economy and national strategy, and continue to deepen the capital market reform, to bring a good start for the SSE in the 14th Five-Year Plan period. The SSE will strive to make new progress in its high-quality development to welcome the 20th National Congress of the CPC with practical action.
