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A capital market forum convenes in Jiading district, Shanghai, on March 28, during which 20 local listed companies get awarded. [Photo/jiading.gov.cn] |
Jiading district of Shanghai awarded 20 local listed companies for their innovation and social responsibility during a capital market forum on March 28.
Shen Huadi, deputy head of Jiading, attended the forum and said that the development of real economy depends on capital market, and the foundation of capital market depends on the quality of listed companies.
Current market situation indicates that China's A-share market will face a new round of rapid development, and enterprises, institutions, and government departments should be prepared for this, according to Shen.
The deputy head urged the related departments to build platforms, offer precise services, and provide effective political support to local enterprises. He asked the Listed Company Association to serve as a guide for the companies.
He also mentioned that listed companies and those planning to get listed need to continue improving their core competitiveness and become the engine for capital market development.
The Jiading List Companies Association – Information Research Center was inaugurated during the forum, marking the arrival of a new era of the district's regional financial research.
At present, Jiading has 22 listed companies with total market value of 220 billion yuan ($35 billion).
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Shen Huadi, deputy head of Shanghai's Jiading district, speaks at a capital market forum on March 28. [Photo/jiading.gov.cn] |
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Authorities announce the inauguration of Jiading List Companies Association – Information Research Center on March 28. [Photo/jiading.gov.cn] |