Every time by reporter Li Shaoting Every time by intern reporter Yang Hui Every time by editor Chen Junjie
On July 11, a reporter from the “Daily Economic News” learned from the China Association of Listed Companies that as of June 30, 2022, a total of 4,490 companies in Shanghai, Shenzhen, and North cities have held performance briefings, with a proportion of about 95.43%. Among them, CSI 300 index companies, “A+H” listed companies, listed companies controlled by central enterprises, companies listed on the Science and Technology Innovation Board, and GEM listed companies were basically held. Among the listed companies that have held performance briefings, the attendance rate of the chairman and general manager is about 98%.
The proportion of holdings reached 95.43%
According to the data provided by the China Association of Listed Companies, according to the statistics of mainstream market platforms such as the Shanghai Stock Exchange Roadshow, Panorama.com, and China Securities Roadshow, listed companies received about 105,400 questions, with a response rate of 92.95%; individual investors who asked questions accounted for 90.13%. %. The Wind platform favored by institutional investors and Oriental Fortune, which is widely viewed by retail investors, also received millions of views.
The person in charge of the China Association of Listed Companies pointed out when providing data that the holding of the performance briefing is an important epitome of a critical period for the comprehensive deepening of the reform of the capital market, and it is also an important manifestation of the attention and respect of the board of directors of listed companies and the “key minority” and respect for investors.
“Taking the holding of performance briefings as a starting point to strengthen investor relationship management is a move for listed companies to embrace new development concepts and seek innovation. Guide listed companies to adapt to new changes and new requirements in the new stage,” said the person in charge.
The role of exchanges is also crucial. Specifically, the Shanghai and Shenzhen Stock Exchanges have further led the quality and effect of holding performance briefings: the Shanghai Stock Exchange has formulated guidelines for self-discipline and supervision, and held a “theme week” for the performance briefings; Shenzhen Stock Exchange has conducted questionnaire surveys and training for the performance briefings, and organized “Ten New Breakthroughs” A series of performance briefings; the Beijing Stock Exchange promoted the holding of performance briefings for the first time after its establishment, and organized three “characteristic theme weeks” to achieve full coverage of the company.
The chairman and other “helmsmen” have a high attendance rate
It is worth mentioning that, according to the data of the China Association of Listed Companies, among the listed companies that have held performance briefings, the attendance rate of the chairman and general manager is about 98%.
On July 8, China Mobile (SH600941, stock price of 59.58 yuan, market value of 1.3 trillion yuan), China Unicom (SH600050, stock price of 3.43 yuan, market value of 106.29 billion yuan), China Telecom (SH601728, stock price of 3.72 yuan, market value of 340.41 billion yuan) It was the first practice for a listed company to jointly hold an investor briefing session with industry attributes jointly and jointly hold an investor exchange event for listed companies in the telecommunications industry.
It should be noted that the growth of performance presentations is inseparable from the support and promotion of policies. In October 2020, the State Council issued the “Opinions on Further Improving the Quality of Listed Companies”, which clearly stated that it is necessary to establish and improve a good communication mechanism between the board of directors and investors. According to the relevant deployment of the State Council, in order to improve the governance level of listed companies, on December 11, 2020, the China Securities Regulatory Commission issued Announcement Document No. 69 to launch a special action on listed company governance from now on. Weaknesses, strengths and weaknesses, and improve the overall level of corporate governance of listed companies.
On the other hand, starting from 2021, the China Securities Regulatory Commission has clearly launched the overall promotion and deployment of the performance briefing. The newly revised “Guidelines for Investor Relations Management of Listed Companies” were implemented, which further clarified the new connotations and new requirements for promoting the high-quality holding of performance briefings.