(CCTV finance, the first time) in November 5, 2018, general secretary Xi Jinping announced the opening of the Shanghai stock exchange and set up a pilot registration system at the opening ceremony of the first fair. Up to now, the science and technology innovation board has been successfully launched into the market, so how is the operation of the science and technology innovation board? On the eve of the opening of the second China International Fair, our CCTV financial channel interviewed the chairman of the CSRC, Yi Huiman.
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Reporter Zhang Xinyue: its nearly a year since the announcement of the establishment of the science and technology innovation board at the Expo last year. Do you think the whole original intention of setting up the science and technology innovation board has been realized in this year?
Mr. Yi Huiman, chairman of China Securities Regulatory Commission: we dont think its simply to add a board to the capital market, but to accomplish two major missions through this board. The first mission is to use the power of capital market to promote the innovation driven economy. The second is to use the scientific and technological innovation board as a test field to promote the reform of the basic system of the capital market and give full play to the role of the test field. It should be said that from the perspective of landing, the response of all parties in the market is good, and the operation of the whole market is relatively stable. A series of institutional innovations have also been tested by the market.
Reporter Zhang Xinyue: it has been running for more than three months since the science and technology innovation board officially opened on July 22 this year. What is the performance of science and technology innovation board in these three months?
As of the end of October, Shanghai Stock Exchange has accepted 168 applications for listing on science and technology innovation board, of which 40 have been listed. From the perspective of accepting enterprises, the average proportion of R & D investment in 2018 is 11%, and the average proportion of R & D personnel is 31%, which is higher than other existing sectors. The first batch of 25 stocks rose about 90% compared with the issuing price, with more than 4.4 million investors and an average daily turnover of 14 billion yuan. According to the third quarter report, the listed Sci-tech Innovation Board companies achieved a total revenue of 69.188 billion yuan, a year-on-year increase of 13.6%, and a net profit of 8.602 billion yuan, a year-on-year increase of 41%, far higher than other sectors. Yi Huiman said that at present, the transparency of the registration system of the science and technology innovation board pilot is improved and the operation is orderly. Next, we should play the role of the science and technology innovation board pilot field and take the lead in promoting it on the gem.
Mr. Yi Huiman, chairman of the CSRC: this transparency is reflected in the high transparency of a listed company, and the second transparency is the CSRC. From approval to registration, it was also a transparent transformation. Now it is open to registration and all respects the market rules.