Financial Bureau Sets Up A Platform To Finance "Capital" And "Wisdom" Of 300 IPO Reserve Forces In Shaanxi Province, Outlining The "Hard Core" Layout

In 2020, 12 A-share listed companies will be added, which will be the highest speed in the history of Shaanxi Province. Up to now, the number of A-share listed companies in Shaanxi Province has leapt to the 16th place in China, surpassing Chongqing and Xinjiang, and is catching up with Hebei Province. The market value of A-share listed companies in Shaanxi Province has exceeded the threshold of one trillion yuan for the first time.

On April 16, the Shaanxi plate passed on again. The local financial supervision bureau of Shaanxi Province, together with the provincial development and Reform Commission, the Provincial Department of science and technology, the Provincial Department of industry and information technology, the provincial securities regulatory bureau, the Shanghai and Shenzhen Stock Exchange, and the national stock transfer company, etc., released the list of backup enterprises listed in Shaanxi Province in 2021. After the recommendation of member units and the strict evaluation and inspection of exchange experts, the 300 reserve enterprises stand out from nearly 500 declaration enterprises and become the key support of Shaanxi Province Listed reserve forces.

According to Su HuChao, director of the local financial supervision bureau of Shaanxi Province, the capital market reform has provided a major opportunity for Shaanxi Province's enterprises to catch up with and surpass the listing work. The Shaanxi provincial Party committee and government attach great importance to the development of the capital market, especially the listing of enterprises. The Shaanxi provincial government has successively issued policies such as implementation opinions on further improving the quality of listed companies, and clarifies the listing work of Shaanxi Province in the next five years By the end of 2025, the number of Listed Companies in the province will "double", reaching 120.

Do a good job in "green channel"

It is understood that after being recommended by relevant departments directly under Shaanxi Province and evaluated and screened by experts organized by the Provincial Local Financial Supervision Bureau, the 300 provincial listed reserve enterprises in Shaanxi Province will be included in the green channel mechanism for the management of provincial listed reserve enterprises and enjoying the listed government services.

On the day of the release of the reserve list of listed enterprises, Shaanxi Provincial Local Financial Supervision Bureau took the lead in signing comprehensive financial service cooperation agreements with 10 banks including Shanghai Pudong development bank Xi'an Branch. According to the arrangement of the agreement, 10 contracted banks will provide 70 billion yuan of credit intention to the listed reserve enterprises in Shaanxi Province, and each bank will set up a working class to open up a green channel for credit service, so as to accelerate the listing of listed reserve enterprises.

The reporter of 21st century economic report learned from the local financial supervision bureau of Shaanxi Province that this is the first list of listed reserve enterprises released by the Shaanxi provincial government after the three-year action plan to promote the listing of enterprises (2019-2021) (hereinafter referred to as the three-year action plan).

According to the overall objectives of the previous three-year action plan for listed enterprises in Shaanxi Province, Shaanxi Province has focused on cultivating reserve resources for listing and improving the development quality of listed companies. The targets include 30 new listed companies by the end of 2021, at least 15 new listed companies in Xi'an, a "zero breakthrough" of Listed Companies in Ankang and Yulin, and striving for an average annual growth of total equity of no less than 15%.

According to the three-year action plan, Shaanxi Province has established a provincial-level listed reserve enterprise resource pool and implemented dynamic management on the selected enterprises. At the same time, promote the qualified enterprises to enter the listing guidance process as soon as possible, and recommend no less than 30 enterprises for guidance and record every year.

As for the warehousing reserve enterprises, Shaanxi Province will promote the deepening of strategic cooperation with Shanghai, Shenzhen stock exchanges and Hong Kong stock exchanges, and carry out listing training in various forms. At the same time, we should guide and support the intermediary agencies to pair with warehousing enterprises and provide personalized consulting services.

At the same time, we should open up a green channel for government services, optimize the business environment for enterprises to be listed, timely grasp the progress of enterprises' listing, and actively coordinate and solve difficulties.

According to the administrative service measures for listed reserve enterprises provided by the local financial supervision bureau of Shaanxi Province to the reporters of the 21st century economic report, the listed reserve enterprises are voluntarily applied for by the enterprises, and are recommended by the relevant departments at the provincial level, the financial work departments or financial institutions of all cities, and the experts are organized by the provincial listing office.

The selected reserve enterprises shall have the following conditions: they are established according to law and have been in existence for more than two years; they have completed the share restructuring; they have strong scientific and technological innovation attributes; their main business is outstanding and conform to the national industrial policies; the total equity of the enterprise shall not be less than 30 million yuan; the net profit of the latest year shall not be less than 5 million yuan, or the average business income of the last two years shall not be less than 30 million yuan, or the valuation shall not be less than 200 million yuan.

After the listed reserve enterprises are selected, they should consciously obey the management of the listing Office of Shaanxi Province, and actively speed up the listing process. In principle, substantive progress should be made in the aspects of share reform, standardization, guidance and filing every year.

The listing Office of Shaanxi Province will implement classified management on reserve enterprises, and divide the enterprises into main board, science and innovation board, growth enterprise market and selected layer reserve according to enterprise scale, industry, science and technology innovation attribute, planned to go to the exchange and plate, etc. According to the listing progress, the enterprises are divided into near (to be audited and under guidance), medium (planned to report guidance) and far (other) service objects, and provide multi-level and differentiated guidance and cultivation services.

At the same time, Shaanxi Province has set up equity investment fund for listed reserve enterprises to provide equity investment support for reserve enterprises, carry out "transfer" investment and "lead investment" in equity of reserve enterprises, and provide capital market policy advisory services for reserve enterprises in cooperation with Shanghai, Shenzhen stock exchanges and national stock transfer companies.

Break through the "second echelon"

According to the preliminary statistics of 21st century economic report, by the end of 2020, there were 59 A-share listed companies in Shaanxi Province, with a total share capital of 83.569 billion shares, with a total market value of 120.59 billion yuan, breaking through the threshold of one trillion yuan for the first time. The total share capital and total market value increased by 8.9% and 77.26% respectively compared with the beginning of the year, and the market value growth rate was 50.29% higher than that of the whole market.

In 2020, there will be 12 new listed companies in Shaanxi Province, raising a total of 13.072 billion yuan, which is the highest in the history of Shaanxi Province. Among them, 6 listed in the A-share market, 4 have been audited, and 1 has been listed and 1 has been approved in the selected layer of the new third board, which has achieved full coverage of all sectors.

"Shaanxi Province is attracting more and more securities companies and venture capital institutions across the country to explore and cultivate listed enterprises. However, we should be soberly aware that in terms of the scale, quantity and quality of listed companies, Shaanxi Province is still in the third square array in China, and the task of leaping to the second array is still arduous. " Su HuChao, director of the local financial supervision bureau of Shaanxi Province, revealed that at present, all provinces in the country attach great importance to listing. According to statistics, half of the provinces have listed the target of listing in the government work report, and the competition among the provinces is fierce and the differentiation is intensified.

According to the statistics of 21st century economic report, by the end of 2020, there are 4140 A-share listed companies in China, showing a trend of strong in the South and weak in the north, strong in the East and weak in the West. Guangdong Province, Zhejiang Province, Jiangsu Province, Beijing City, Shanghai city and Shandong Province have more than 200 A-share listed companies, which are in the first matrix of A-share listed companies in provinces.

According to preliminary statistics, by the end of 2020, the number of Listed Companies in 11 provincial administrative regions has exceeded 100. In addition to the above six provinces and cities, Fujian Province, Sichuan Province, Anhui Province, Hunan Province and Hubei Province have more than 100 A-share listed companies, which are in the second square.

In the third matrix, Henan Province, a major economic province in the Central Plains, ranks first, with only 87 A-share listed companies, far lower than Jiangsu, Zhejiang, Shandong and Fujian provinces. Shaanxi Province has 59 A-share listed companies, ranking 16th in the country.

"It is an urgent task for Shaanxi Province to get rid of the pursuers, catch up with the pacesetters, give full play to their potential and make full use of their advantages." Su HuChao said that in recent years, the pace of reform and development of China's capital market has been significantly accelerated, the release of policy dividends has been accelerated, the science and technology innovation board has been set up and a pilot registration system has been set up, the registration system reform of the growth enterprise market and the reform of the selective layer of the "new third board" have been successfully implemented.

Su HuChao believes that Shaanxi Province should have a clear understanding of the general trend of capital market development, accurately grasp it and take advantage of the situation. This round of capital market reform provides an important opportunity for Shaanxi Province to catch up with and surpass the listed companies.

"Hard" is the prominent advantage of enterprises in Shaanxi Province. In recent years, the listed enterprises in Shaanxi Province have maintained a high passing rate, excellent science and technology, and excellent compliance, creating an image and reputation in the national capital market. "In the future, we should make full use of the advantages and make up for the weaknesses, give full play to the advantages of Shaanxi Province in science and technology, strategic emerging industries, energy resources, state-owned assets, cultural tourism, and the spirit of the red revolution. We should speed up the excavation and cultivation of superior industries and enterprises, so that listed companies and listed reserve enterprises can become business cards to show the image of Shaanxi and become the engine to boost the high-quality economic development." Su HuChao said.

Su HuChao said that practice has fully proved that the government can, should and must do something in the work of listing enterprises, and the government should take the initiative to become the "super sponsor institution" for listing enterprises. All levels of departments at all levels attach great importance to and improve the government service guarantee mechanism has become an important institutional advantage of Shaanxi Province in promoting the listing of enterprises.

According to reports, the Shaanxi provincial government has set up a provincial leading group for promoting the listing of enterprises headed by Liang GUI, executive vice governor of Shaanxi Province. It has successively issued policy documents such as measures for management and service of listed reserve enterprises, and has cooperated with Shanghai, Shenzhen, Hong Kong stock exchanges and national stock transfer companies to build a service base in Shaanxi.

Su HuChao said that the local financial regulatory bureau of Shaanxi Province, together with various departments and institutions, will step up the establishment of Shaanxi provincial capital market service center and the equity investment fund of Shaanxi Province's listed reserve enterprises, so as to promote the "vertical chain supplement and horizontal coordination" between the reserve listed enterprises and banks, securities and funds, and strive to promote Shaanxi to create an optimal policy environment for the capital market.