From the CSRC, SASAC to local governments, many parties have also shown strong consistency in promoting mergers and acquisitions. After the release of "Six Articles on M&A" by CSRC, the policy clarion call of M&A and reorganization was blown in Shanghai, Shenzhen, Beijing, Jiangxi, Sichuan and other places. "Innovative ways and means in various places will further enhance the motivation of mergers and acquisitions and provide rich project resources for mergers and acquisitions." Tian Lihui, dean of the Institute of Financial Development of Nankai University, said.Deepening the coordination between the central and inter-ministerial departments, intensifying the joint crackdown on securities and futures crimes, and consistently exercising strict supervision and management are powerful guarantees for promoting the healthy development of the capital market and boosting investors' confidence.Zhang Yuewen, director and researcher of the Capital Market Research Office of the Institute of Finance, China Academy of Social Sciences, believes that measures should be taken to enhance the attractiveness of the capital market, increase the strength of long-term capital entering the market, and strengthen the incentive and guidance of long-term value investment behavior from the perspective of facilitating long-term investors.
Improve the policy system of "long money and long investment"Guiding listed companies to strengthen market value management has become an important work content of the CSRC, SASAC and other departments. Recently, the CSRC issued the No.10 Supervision Guideline for Listed Companies-Market Value Management, which requires listed companies to improve their operating efficiency and profitability on the basis of improving the company's quality, and to use merger and acquisition, equity incentive, employee stock ownership plan, cash dividend, investor relationship management, information disclosure and share repurchase in accordance with the actual situation in accordance with the law to promote the investment value of listed companies to reasonably reflect the quality of listed companies. The State-owned Assets Supervision and Administration Commission of the State Council said that it would "further study the incorporation of market value management into the performance appraisal of the heads of central enterprises".Increase the medium and long-term capital entering the market, and improve the expected management mechanism ... Recently, measures to stabilize the capital market and boost investors' confidence have continued to be introduced, and more attention has been paid to system integration and coordination.
Recently, the CSRC has strengthened inter-ministerial coordination and actively cooperated with the implementation of relevant monetary policy tools such as facilitating the exchange of securities fund insurance companies, stock repurchase and special refinancing. According to Wind data, as of December 9, 182 A-share listed companies disclosed that their companies and important shareholders were supported by repurchase and increased holdings of loans, with a total amount of about 38.94 billion yuan.Zhang Yuewen, director and researcher of the Capital Market Research Office of the Institute of Finance, China Academy of Social Sciences, believes that measures should be taken to enhance the attractiveness of the capital market, increase the strength of long-term capital entering the market, and strengthen the incentive and guidance of long-term value investment behavior from the perspective of facilitating long-term investors.
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13