The number, revenue, and market value of A-share new economy companies all account for more than half

China News Service, Beijing, November 14 (Reporter Chen Kangliang) Wu Qing, chairman of the China Securities Regulatory Commission, said at the opening ceremony of the first China Capital Market Academic Annual Conference that currently, among the more than 5,500 listed companies in the A-share market, the number, revenue, and market value of companies in the new economy sector account for more than half of the entire market.

The China Securities Regulatory Commission disclosed relevant information on the 14th. Wu Qing said that China's capital market has always resonated with China's economic reform, coexisted and prospered with the development of the real economy, continued to grow and expand through exploration and innovation, and gradually developed into an important market that roughly matches the size of China's economy and has global influence.

The basic institutional structure has basically taken shape. With the securities law, company law, fund law, futures and derivatives law as the main body, the "four beams and eight pillars" of the capital market legal system have been basically completed. Since the new century, a "Nine National Regulations" have been promulgated approximately every 10 years to promote the overall and in-depth optimization of the capital market system of rules and regulations.

The multi-level market system is increasingly improving. The total market value of A-shares exceeded 100 trillion yuan (RMB, the same below). China’s bond market, which is composed of exchanges and the inter-bank market, exceeds 210 trillion yuan in size, and scientific and technological innovation bonds, green bonds, etc. accurately meet the national strategic needs. It covers more than 170 varieties of futures and options in commodities and finance, basically covering the major industrial fields of the national economy.

The investment and financing structure is more coordinated and adaptive. On the investment side, since 2024, net purchases of A-shares in social security, insurance, and annuities have exceeded 1.5 trillion yuan, and the institutional system for long-term money and long-term investment has been continuously improved. On the financing side, the inclusiveness and adaptability of systems such as issuance and listing, mergers and acquisitions, and refinancing continue to improve; in the first nine months of this year, direct financing such as stocks and bonds accounted for nearly 50% of the increase in social financing.

Listed companies continue to consolidate their trend towards innovation and advantage. Currently, among the more than 5,500 A-share listed companies, the number, revenue, and market value of companies in the new economy sector account for more than half of the entire market. At the same time, listed companies’ awareness and ability to reward investors have been effectively improved.

The pattern of open cooperation continues to expand and deepen. Mechanisms such as interconnection are constantly being improved, institutional shareholding ratios are fully liberalized, qualified foreign investors cover more than 40 countries and regions around the world, and more than 140 futures and options are available for foreign trading. Strengthen cross-border regulatory cooperation and crack down on illegal cross-border business development and other illegal activities in accordance with the law. (over)