"Capital Market Serves a Strong Economy in Yan Zhao" Successfully Held in Tangshan

To more effectively promote high-quality development in the jurisdiction’s listed companies by leveraging the capital market, and to concretely enhance the standardized operations level and core competitiveness of listed companies, recently, the Hebei CSRC Local Office, in conjunction with the Tianjin City government, organized a special activity on high-quality development for listed companies. This event is the second session of the “Capital Market Serving a Strong Economic Province in Hebei—Goes to Tangshan” campaign. Through the format of “specialized training + on-site visits and discussions,” the event aims to precisely empower Tangshan’s listed companies for high-quality development.

The special training focuses on the actual development circumstances and needs of Tangshan-based listed companies. It invited senior experts from the Shanghai Stock Exchange and the securities industry to deliver on-site lectures. Nearly 50 people, including the key persons in charge of 13 listed companies in Tangshan and relevant officials from governments of various districts and counties, attended. The Shanghai Stock Exchange experts focused on the core topic of market value management, providing a comprehensive, systematic, and easy-to-understand interpretation from four dimensions: the important significance of market value management, the current policy framework, practical methods and approaches, and common cognitive misconceptions. This helps participating personnel clarify the logic of market value management and establish a scientific and compliant management mindset. Industry experts from Huatai Securities delivered an all-round briefing around the theme of mergers and acquisitions and restructuring. By combining the latest industry policies, key points of core attention, typical practical case studies, and future development trends, they offered clear thinking and practical guidance for listed companies to optimize resource allocation through mergers, acquisitions, and restructuring, and to achieve transformation and upgrading.

Attending personnel expressed that this training is highly targeted and strongly practical. It not only precisely interprets the latest policy directions of the capital market, but also closely connects with the pain points and difficulties faced by Tangshan’s listed companies. It gives everyone a deeper and more comprehensive understanding of how to effectively use capital market tools to empower business development, further stimulating their initiative and drive to seize opportunities in the capital market, focus on their main businesses, and improve quality and efficiency.

During the training period, the Hebei CSRC Local Office also simultaneously launched the on-site “Entering Listed Companies” inspection and research activity. Together with the Provincial State-owned Assets Supervision and Administration Commission, the Tangshan municipal government, and professional intermediary institutions, the team visited two listed companies—Jin Yu Jidong and Kailuan Co., Ltd.—to gain an in-depth understanding of the companies’ development status. At the symposium, the research team carefully listened to the two listed companies’ situations regarding production and operation, standardized operations, market value management, and more, and gained detailed insight into the actual problems and demands enterprises face during their development process.

The principal responsible person of the Hebei CSRC Local Office emphasized at the symposium that standardized operation is the bottom line that listed companies cannot cross. Listed companies in the jurisdiction must always uphold the foundation of compliant operations, strictly follow capital market regulatory rules. On this basis, they should continue to deepen reform and innovation, continuously improve operating efficiency and development quality, and actively use modern means such as technology and big data to empower enterprise management and business development. At the same time, they should fully seize policy opportunities in the capital market, effectively use core tools such as mergers and acquisitions and restructuring, and cash dividends, conduct market value management in a scientific manner, and solidly carry out investor relations management and corporate brand publicity to effectively enhance enterprises’ market recognition and investors’ confidence. With higher standards and more concrete measures, they should promote enterprises to achieve sustainable, high-quality development, and contribute solid strength to the healthy and stable development of the capital market in Tangshan and across the province.

This activity, combining special training with on-site research, has built a communication and exchange platform among regulatory departments, local governments, listed companies, and professional institutions. It both strengthens policy transmission and professional guidance, and precisely matches the actual needs of enterprises. It effectively helps Tangshan’s listed companies further enhance their ability to operate in the capital market, laying a solid foundation for advancing deep integration between the regional economy and the capital market, and high-quality coordinated development. (Yan Yun)