Translated from Shanghai Securities News—www.cnstock.com
(Shanghai Securities News, www.cnstock.com) (Reporter He Xinyi) What plans do listed companies have for the next year at the turn of 2024? How can frontline regulatory policies of the capital market facilitate the transition from "the first mile" to "the last mile"? To figure out these problems, Shanghai Stock Exchange (SSE) has recently paid intensive visits to survey listed companies.
It is reported that since last week, the staff from the SSE have collectively visited more than 20 enterprises, especially those operating in home appliances, automobiles, and consumer goods businesses. These visits are planned to cover at least 40 listed companies, such as SAIC Motor Corporation Limited, Kweichow Moutai Co., Ltd., China Telecom Corporation Limited, and Beijing Roborock Technology Co., Ltd.,by the end of 2024.
During the visits, staff from the SSE and the listed companies had in-depth discussions around the current macro developments, industry trends, and business status quo faced by the company through visiting production sites and R&D centers and talking with enterprise leaders. Representatives from SAIC Motor Corporation Limited, Beiqi Foton Motor Co., Ltd., and many other automobile enterprises said that the Central Economic Work Conference proposed to address rat-race irrational competition, which will relieve domestic automobile enterprises from inefficient price wars and facilitate technological and product innovation, and encourage companies to develop unique techniques and products and promote the healthy development of the industry. SSE surveyors also asked questions about difficulties and obstacles in the implementation of capital market-related policies and collected their requests and advice, so as to summarize the year while laying a solid foundation for the next year's work.
According to the survey team of the SSE, listed companies are a group sensitive to slight macro changes, and a bellwether for market expectations. The focus of these visits is to strengthen the confidence of all parties in future development. At the same time, the SSE will focus its work on delivering the overarching goal of next year's economic work, uphold the principle of pursuing progress while ensuring stability and cementing stability by making strides forward, and manage capital market affairs well. Through regular visits, the SSE will step up efforts in publicity and interpretation of capital market regulations, clarify regulatory purposes, and improve service level. The SSE will go straight to the companies help solve their practical difficulties, and contribute to the continued growth of the economy.
The above information is provided for reference purposes only and does not constitute investment advice.
