The event was attended by leaders from the Economic Development and Innovation Bureau and Finance and Banking Bureau of Yantai Development Zone, Shandong Province, Yang Shujuan, former member of the Restructuring Committee of the China Securities Regulatory Commission and Beijing managing partner of EY Hua Ming Accounting Firm, Sun Haitao, tax partner of EY Hua Ming Accounting Firm, Song Heng, executive director of Guotou Investment Management Co., Ltd., Zeng Yingzhe, a partner of Beijing Mingshi Hexun Capital Management Co., Ltd., as well as the main responsible persons, secretaries of the board, and financial directors of dozens of listed companies, companies planning to go public, and outstanding manufacturing enterprises.
Mr. Jia Pang, Partner of Frost & Sullivan Greater China, delivered a speech
Shandong Province is a major economic province in China, ranking third in GDP nationwide in 2020. Shandong has numerous outstanding listed companies, and Yantai ranks among the top in terms of both the number of listed enterprises and market value. It has seen the emergence of leading enterprises in various industries such as Wanhua Chemical, Rongchang Biology, Ruimao Tong, and Zhaojin Mining.
In recent years, enterprises in Shandong Province have actively embraced the international capital market. From 2018 to 2020, new overseas-listed Shandong enterprises accounted for about 20% of all newly listed companies in the province. In particular, a group of leading enterprises in various industries have gone global into the international capital market, establishing an internationalized capital operation platform and enhancing their competitiveness.
At the event, Jia Pang stated that corporate listing is driven by three aspects: financial performance, investment story, and legal compliance. Among these, the investment story is both a highlight and a necessary factor. The presentation of an investment story during the listing process cannot be separated from professional industry analysis and related consulting work. The new political and economic environment, along with rapid industry changes, have put forward new requirements for telling good corporate investment stories.
"Authoritative industry consulting firms can fully assist companies by providing accurate industry analysis and corporate positioning to tell compelling investment stories and enhance company valuations," he said. Frost & Sullivan, as a global leader in capital market industry consulting, has assisted over a thousand companies in listing on domestic and international capital markets, including outstanding Shandong enterprises such as Haier Biomedical, Rongchang Biotechnology, and Shandong Gold. From 2014 to 2020, Frost & Sullivan maintained its leading position as the industry research consultant with the largest market share in both domestic and international IPO markets.
