On May 9, to implement the new "Nine National Rules", SZSE held the 15th "Chuangxianghui" forum, focusing on the main channel function of capital market in M&A restructuring. We invited representatives from enterprises such as Zhejiang Provincial Energy Group, Zhejiang State-owned Capital Operation Co., Ltd., Zhejiang International Business Group, Zhejiang Communications Investment Group, Wuchan Zhongda Group, Sanhua Intelligent Controls, Hikvision, Huadong Medicine, and Rongsheng Petrochemical, as well as representatives from institutions such as Huatai United Securities and Global Law Office. All participants met in Hangzhou and discussed boosting the development of new quality productive forces through M&A restructuring.
The event delved into topics such as the current status and trends of M&A restructuring, deepening SOE reform, strengthening the supply chains of leading POEs, payment tools, responsibilities of intermediary institutions, and potential risks in cross-border M&As. Speakers expressed their views on the role of M&A restructuring in the market from various perspectives. They shared case studies and experiences of how SOEs and POEs have utilized the capital market for M&As to enhance their competitiveness. Furthermore, they discussed the challenges and common issues that exist in this field.
The attending representatives believe that M&A restructuring is an inevitable requirement for promoting the optimization and adjustment of the national economic structure, as well as for deepening the supply-side structural reform. It is also an inevitable choice for building a capital market with Chinese characteristics and promoting the improvement of the quality of listed companies. Continuously deepening the market-oriented reform in M&A restructuring facilitates the optimization of resource allocation in the capital market, which will contribute to better serving national strategic initiatives such as technological innovation, green development, and SOE reform. This approach supports the professional integration of SOEs and the growth of small and medium-sized enterprises and POEs, thereby accelerating the formation of new quality productive forces.
Next, in accordance with the unified deployment of the CSRC, SZSE will continue to carry out a series of thematic activities that focus on key areas, key industries, and key regions, aiming to promote enterprise interaction, communication, and cooperation. We will actively build the "Chuangxianghui" brand and make it a leading player in the high-quality development with characteristics of the SZSE market.
