Li Jizun, General Manager of Shenzhen Stock Exchange: Foreign and professional institutions are increasing their entry into the market
On November 18th, Li Jizun, general manager of the Shenzhen Stock Exchange, said at the 10th Anniversary of Interconnection Summit Forum held by the Hong Kong Stock Exchange that recently, there have been many positive changes in the class A share market, including the Shenzhen market. First, the company's performance is rebounding. In the first three quarters of this year, the profitability of Shenzhen companies reached 80%. The latest sample survey shows that Shenzhen companies' intention to expand production has increased, capacity utilization has improved, R & D investment has increased, and the trend of marginal improvement is relatively obvious. Second, the market function is strengthening. In the first three quarters of this year, Shenzhen companies disclosed a mid-term dividend plan of 82.40 billion yuan, an increase of 1.8 times year-on-year. " Since the release of "Six Mergers and Acquisitions", the Shenzhen market has announced 23 new restructuring plans, which is three times that of the same period last year; 69 companies took the lead in obtaining loans to increase their holdings of repurchase special projects, totaling 17.80 billion yuan; 37 companies have completed delisting this year, and the mechanism of survival of the fittest is smoother. Third, market expectations are improving significantly, foreign capital and professional institutions are increasing their efforts to enter the market, and market transactions are relatively active. "We firmly believe that the basic trend of China's long-term economic improvement has not changed, and the future of China's capital markets is bright and promising," Li Jizun said.