Currently,AIn the stock market, listed companies exhibit distinct regional distribution characteristics. Provinces with over a hundred listed companies and a total market value exceeding one trillion yuan have both seen double-digit growth. According towindInformation data statistics, as of6month9day,Ashare5,204The total market value of listed companies exceeds83Trillion yuan, covering the whole country31Provinces (autonomous regions, municipalities directly under the Central Government). Among them, Guangdong, Zhejiang, Jiangsu, Beijing, Shanghai, etc.12The number of listed companies in each province exceeds100Home, Beijing, Guangdong, Shanghai, etc.16The total market value of listed companies in each province is all within1More than one trillion yuan. In terms of industry distribution, listed companies mainly come from the manufacturing sector, accounting for67%Among all industries, the computer, communication, and other electronic equipment manufacturing industry, specialized equipment manufacturing industry, and chemical raw materials and chemical products manufacturing industry have the largest number of companies. At the same time, there are as many as1,600Home, mainly distributed in the new generation information technology industry, high-end equipment manufacturing industry, and biotechnology industry.
How do you view the above5Are the number of listed companies in provinces and cities far ahead? What role do listed companies play in promoting regional economic development? How do you view the fact that the total market value of listed companies in Beijing far exceeds that of other provinces? Why are there the largest numbers of companies in these three major industries? What are the reasons for the significant increase in enterprises in strategic emerging industries in recent years? Frost & SullivanFrost & SullivanDr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China, was interviewed by Securities Daily to discuss the above topics.
*Click "Read the Original Article" at the end of this text to read the full report.
Securities Daily
Q
Securities Daily Reporter: What's your opinion on the above5Are the number of listed companies in provinces and cities far ahead? What role do listed companies play in promoting regional economic development?
Dr. Wang Xin
Global Partner and Chairman of Frost & Sullivan Greater China Region
Listed companies are usually leading firms in their respective provinces and cities, and their number and scale can reflect the quality of economic development in those regions. As the national political, economic, and cultural center, Beijing's listed companies feature a high-tech industrial cluster; Shanghai has a comprehensive coverage of listed sectors with a wide distribution across industries; other regions with more developed economies, such as Guangdong, Zhejiang, and Jiangsu, also rank high in the number of listed companies.
The development of listed companies drives regional economic growth. Firstly, listed companies promote industrial clustering by integrating upstream and downstream enterprises into their own industrial chains, which can improve the local industrial ecosystem. For example, Chongqing's Chang'an Automobile has driven the development of the local auto parts industry chain. To date, Chongqing has formed an advantageous industrial cluster led by the Chang'an series and supported by thousands of supporting enterprises. Secondly, listed companies, in conjunction with their own development strategies, can participate in the mergers and reorganizations of enterprises in difficult operating conditions in their regions, revitalize existing assets, and promote local economic development.
The development of regional economies cannot do without the participation of enterprises. As representatives of outstanding enterprises, listed companies play an even more significant role in promoting regional economic development. Transforming the development advantages of listed companies into regional economic advantages is one of the effective ways to enhance regional economic strength.
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Securities Daily Reporter: How do you view the fact that the total market value of listed companies in Beijing far exceeds that of other provinces?
Dr. Wang Xin
Global Partner and Chairman of Frost & Sullivan Greater China Region
Beijing is the national financial management center and also at the forefront of China's financial reform and opening up. The comprehensive supporting service measures and an open capital environment have attracted a large number of high-quality companies to list in Beijing, making the total market value of listed companies in Beijing lead the nation.
Firstly, Beijing's capital market service industry is the most developed. It has a large and diverse number of financial institutions with a rich variety of business forms. The number of securities companies, futures companies, and fund management firms ranks among the top in the country. Supporting listed service institutions such as accounting firms, industry advisory agencies, law firms, credit rating agencies, etc., are complete in type and have the largest business scale in the country.
Secondly, Beijing's capital market is highly open, with continuous enhancement of competitiveness. Since the construction of the 'Two Zones', foreign-funded and Sino-foreign joint venture securities firms have been successively approved for establishment, and the agglomeration effect of foreign institutions is becoming increasingly evident.
Q
Securities Daily Reporter: In your opinion, why are there the largest numbers of companies in the aforementioned three industries? What are the reasons for the significant increase in strategic emerging industry enterprises in recent years?
Dr. Wang Xin
Global Partner and Chairman of Frost & Sullivan Greater China Region
These industries represent the development of China's computer, high-end manufacturing, new materials, and other sectors. These enterprises have a high technical threshold and are considered high-tech companies, requiring significant upfront investment in research and development, thus having a large financing need; secondly, these three major industries are the strategic development direction of China and the breakthrough points for future economic development, so policies strongly support the development of related industries; in addition, the domestic substitution logic of these enterprises is clear, with huge potential growth space, making them more favored by the capital market. Therefore, the number of listed companies in these three categories has increased significantly in recent years.
*This interview was published in 'Securities Daily', with reporter Xing Meng as the lead contributor. The original title was ' ARegional map of the stock company:16The market value of provincial companies all exceeded one trillion yuan Guangdong Province leads in the number of listed companies on the main board and ChiNext ">
