Promote the upgrading of high-end enterprises by means of capital market platform

category:Finance
 Promote the upgrading of high-end enterprises by means of capital market platform


In Deng Lijuns view, for high-end enterprises, most of them are still in the initial stage or growth stage, with insufficient collateral, unstable revenue and profit situation under high R & D expenses, and many enterprises development has been shown. If the capital market can help these enterprises solve their financing problems, they can guide a number of high-end, high-end and high-end enterprises with strong innovation ability, broad development prospects and national development Through IPO or M & A, obtaining financial support in the capital market or improving the industrial chain layout will not only help enterprises to quickly upgrade the industrial level and improve the utilization rate of production capacity, but also accelerate the realization of the strategic goal of Chinas overall technological progress and industrial upgrading.

From the perspective of M & A, as of August 10 this year, excluding the failure cases of M & A transactions, 1201 M & A plans have taken place in the A-share market. According to the industry of the new CSRC, it includes 71 special equipment manufacturing industry, 83 pharmaceutical manufacturing industry, 130 computer, communication and other electronic equipment manufacturing industry, 60 software and information technology service industry, 32 information transmission, software and information technology service industry (Internet and related services), and 20 professional technical service industry (due to the difference of statistical caliber) Therefore, it is mainly based on information technology, advanced manufacturing industry and medical technology.

Yuan Huaming, general manager of Huahui Chuangfu investment, said in an interview with Securities Daily that mergers and acquisitions are an important way to optimize the allocation of resources in the capital market. As listed companies have natural advantages in capital, brand and channel, with the gradual adjustment and implementation of relevant supporting policies for high-end enterprises through domestic merger and acquisition, the capital market will further become an important platform for the development of high-end enterprises.

As the saying goes, scientific and technological innovation begins with technology and becomes a result of capital. For the high-end industries with high growth and high-risk characteristics, the capital market has the functions of resource allocation, risk pricing and revenue sharing, which undoubtedly provides strong support for its development. Deng Lijun believes that in terms of cultivating and supporting the development of high-end and high-end industries, the multi-level capital market system can provide diversified financing services for high-end and high-end enterprises; the merger and reorganization function of the capital market can effectively promote the development and upgrading of high-end and high-end industries; the capital market standardizes the corporate governance and talent incentive mechanism, which is conducive to ensuring the high-end enterprises to improve the corporate governance structure, attract and stabilize An open and transparent capital market is conducive to further improving the exposure rate of high-end enterprises, while comprehensive information disclosure is conducive to investors better understanding of all kinds of companies, thus accelerating the survival of the fittest of high-end enterprises through market-oriented selection. Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425

As the saying goes, scientific and technological innovation begins with technology and becomes a result of capital. For the high-end industries with high growth and high-risk characteristics, the capital market has the functions of resource allocation, risk pricing and revenue sharing, which undoubtedly provides strong support for its development.

Deng Lijun believes that in terms of cultivating and supporting the development of high-end and high-end industries, the multi-level capital market system can provide diversified financing services for high-end and high-end enterprises; the merger and reorganization function of the capital market can effectively promote the development and upgrading of high-end and high-end industries; the capital market standardizes the corporate governance and talent incentive mechanism, which is conducive to ensuring the high-end enterprises to improve the corporate governance structure, attract and stabilize An open and transparent capital market is conducive to further improving the exposure rate of high-end enterprises, while comprehensive information disclosure is conducive to investors better understanding of all kinds of companies, thus accelerating the survival of the fittest of high-end enterprises through market-oriented selection.