Source of this article: Times Weekly Author: Deng Yuchen
High-quality development has become a consensus among all walks of life. Turning to high-quality development is a distinctive feature of China's economy in the new era.
High-quality development is based on the new development model. The so-called high-quality development means shifting from "focusing on quantity" to "improving quality", from "scale expansion" to "structural upgrade", and from "factor-driven" to " innovation-driven ". Science and technology development is rushing forward, and new technologies, new changes and new tracks emerge one after another, which contains new momentum and new advantages for economic development. A new era, a new pattern, and a new mission. Promoting reform through change, promoting development through innovation, introducing new things, optimizing business processes, and forming new competitive advantages are the most effective way to achieve high-quality development.
Under this background, Southern Publishing and Media Co., Ltd. and Guangdong Times Media Group will host the 2022 "Influence·China" Times Summit on December 20. The summit was held online, with the theme of "Pushing the Future and Finding New Resilience of China's Economy". It discusses hot topics such as the new characteristics of China's macroeconomic , new trends of financial transformation, and new paths for high-quality development of listed companies, and looks forward to the new resilience of high-quality development.
This year's "Influence·China" Times Summit has set up an Asset Management Innovation and Development Summit Forum and a High-Quality Development Forum for Listed Companies. At that time, well-known economists and executives from financial institutions and listed companies will attend the summit and offer suggestions for high-quality development.
big names gathered Explore new opportunities for asset management transformation
On the morning of December 20, the Asset Management Innovation and Development Summit Forum will be held first. The theme of the
forum is "Embrace net value, pursue certainty, and explore the optimal solution". GF Securities' global chief economist and director of the Industrial Research Institute Shen Minggao , Hualin Securities CEO Zhao Weixing, Hualin Securities General Manager Qiu Chunyang, Great Wall Fund , Kang Chaofeng, co-president of Xinhu Fortune and chairman of Honghu Best Global Family Office, and Li Quansheng, deputy general manager of China Merchants Securities Asset Management Co., Ltd., and many other heavyweight guests will deliver keynote speeches to discuss the new trends in China's asset management development.
In addition, Luo Yanfang, partner/general manager of Guangdong Cheese Investment Fund Co., Ltd., Wu Qingyang, founder of Hsinchu Financial Management/Fanbei Investment, and Li Bo, deputy general manager of Guangdong Fuye Shengde Asset Management Co., Ltd., will also hold a roundtable discussion on the theme of "Net value, digitalization, and characteristicization of the asset management industry".
Asset management institutions meet the financing needs of real enterprises while meeting residents' needs for wealth preservation and appreciation, and are an effective bridge connecting residents' wealth management needs and investment and financing needs of the real economy. It has played a huge role in achieving the preservation and appreciation of residents' property, optimizing the allocation of social financial resources, assisting industrial upgrading and economic transformation and development.
The 2022 year of the asset management industry is of great significance. Looking back at the coming 2022, the financial market faces many challenges. Factors such as Federal Reserve hike rate and exchange rate changes have caused capital market to fluctuate. 2022 is also the first year of the official implementation of the new asset management regulations. The new asset management regulations require breaking the rigid guarantee, de-channel, and reducing leverage , and the regulatory arbitrage space no longer exists.
Breaking rigid redemption, guaranteed financial management exit from the market, etc. are becoming new features of the industry, and the established rectification goals of the new asset management regulations are initially achieved. The regulatory system is becoming increasingly improved, illegal businesses are gradually cleared, and the battle to prevent and resolve major financial risks has achieved phased results. All these have laid a solid foundation for the high-quality development of the asset management industry.
Industry insiders said that in the short term, global asset management faces shrinking pressure, but the long-term growth trend remains unchanged. China remains the main battlefield for global asset management development. Under the new asset management regulations, asset prices in the first and second-level markets have declined, and even the price of first and second-level assets has inverted, and asset prices have begun to return to their original origins. Financing channels are narrowing, institutional specialization is constantly improving, companies with excellent quality are more popular with the market, and the differentiation of the market structure is intensifying, and the Matthew effect is becoming more and more obvious.
Asset Management Industry is breaking through the deadlock and reborn, revitalizing new vitality.Asset management institutions continue to enrich their investment and research capabilities and accelerate product innovation; the scale of asset management products has expanded, and high-quality development is promising in the future. At the same time, the asset management industry also faces many challenges. The formal implementation of the new asset management regulations means that wealth management products have fully entered the era of net value. This year, the volatile trend of China's A-shares has increased the pullback of various products, and the redemption wave is coming, and asset management institutions have also ushered in the test of "net value".
Faced with the increasingly fierce market competition environment, asset management institutions should still focus on building core competitiveness, focus on differentiated and professional development paths, adapt to the normal state of supervision, improve product innovation capabilities, and return to the origin of value investment. Standing at a new starting point of development, the Asset Management Innovation and Development Summit Forum will focus on industry development and upgrade, and provide suggestions based on the actual development of the front-line business.
discuss the development of listed companies together
Listed companies’ high-quality development forum will be held on the afternoon of December 20, with the theme of “Pursuing the Power of Innovation and Reshaping Market Value”.
Listed companies are the "ballast stone" of the real economy. technology innovation hard power and corporate governance soft power are increasingly valued by all walks of life. Only by practicing internal skills can we highlight the company's value from the inside out. China's capital market has been established for 32 years, and the growth rate of the number of listed companies has been accelerating. On November 22, Guangdong Dingtai Hi-Tech Technology Co., Ltd. and Matrix Zongheng Design Co., Ltd. were successfully listed and traded, with the number of A-share listed companies in China reaching 5,000.
A-share listed companies ranged from 0 to 1,000, from 1,000 to 2,000, all of which took about 10 years; from 2,000 to 3,000, and from 3,000 to 4,000, it took 6 years and 4 years respectively; from 4,000 to 5,000, it took only 2 years and 2 months. The rapid growth of the number of listed companies indicates that the reform of the capital market registration system has achieved remarkable results.
The number of listed companies is growing rapidly, and the quality of development is gradually improving. In June this year, Li Chao, vice chairman of the China Securities Regulatory Commission, publicly stated that the current structure of A-share listed companies and investors has been gradually optimized, and the proportion of individual investor transactions has dropped to below 70% for the first time. The overall risks of the capital market are converging and basically controllable, and the situation of excessively low costs of violations has been fundamentally changed.
The trend of high-quality development of listed companies will not change. In late November, the "Three-Year Action Plan for Promoting Improving the Quality of Listed Companies (2022-2025)" (hereinafter referred to as the "Three-Year Action Plan") issued by the China Securities Regulatory Commission proposed to strive to optimize the structure of listed companies by 2025, significantly improve the market ecology, mature and established regulatory system, and the overall quality of listed companies will reach a new level.
The high-quality development forum for listed companies will focus on five aspects: consolidating the foundation and consolidating governance capabilities, focusing on the main business to enhance competitiveness, cultivating strengths and improving innovation capabilities, enhancing resilience and improving risk resistance, and focusing on efficiency and improving shareholder return capabilities.
At that time, guests such as Yiyatong Senior Vice President Luo Xiaoxi , Tianqi Lithium Industrial Vice President and Secretary of the Board Zhang Wenyu, Shennong Group Chairman He Zuxun , and Zhiyun Health Vice President Yang Wenlin will give wonderful keynote speeches to discuss the high-quality development path of listed companies. In addition, the guests will also hold a roundtable discussion on "High-quality development of listed companies and ESG".
"Influence·China" Times Summit is a series of high-end summits carefully created by Guangdong Times Media Group. It has been held for eight sessions so far, affecting many entrepreneurs, financial people, economists and media people, and has established a good brand image, reputation and influence in the industry.
