Blue Chip Market Is Widely Recognized

Held at 15 levels in Shanghai Blue chip market At the construction forum, the participants thought that stock right Since the reform of the split share structure, the blue chip market construction of the Shanghai stock exchange has made significant progress, especially since this year, the characteristics of its blue chip market have become more evident.

Data show that at the Shanghai Stock Exchange's current 905 Listed company China has a market value of more than ten billion, accounting for 32.4% of all the listed companies in the Shanghai Stock Exchange. Among them, there are two markets with a market value exceeding trillion, and more than 100 billion have 28, and more than ten billion have 262. As of April 14th, the market value of the 293 listed companies accounted for 85.6% of the market value of all the listed companies of the Shanghai Stock Exchange, thus laying the foundation for the Shanghai Stock Exchange's blue chip market.

In terms of performance, the Shanghai 50[2201.09 0.50%] index accounted for 5.50% of the total number of Listed Companies in the Shanghai Stock Exchange, but its profits accounted for 83.1% of the profits of all the listed companies of the Shanghai Stock Exchange. The Shanghai stock index 180[7113.25 0.35%] index accounted for 19.90% of the total number of companies, and its profit accounted for more than 90% of the total profits of Listed Companies in the Shanghai Stock Exchange, reaching 91.11%.

It is worth mentioning that since the beginning of this year, the dominant feature of the blue chips in the Shanghai Stock Exchange has also been evident in the performance of the two tier market. From the beginning of this year to April 14th, the Shanghai Composite Index rose 8.4%, while the Shanghai Composite Index rose 10.8%, the Shanghai composite index 180 increased by 8.2%, the blue chips trend was better, and the blue chip stocks' earnings and valuation increased steadily, indicating that the market and investors further accepted and recognized the idea of value investing around blue chips, and the ability of blue chips to create investment returns for investors increased significantly.

However, the same data also reflects another aspect, that is, a large number of Listed Companies in the Shanghai stock exchange market are in a state of small scale and low profitability. According to statistics, of the 905 listed companies in the Shanghai Stock Exchange, 171 have a market value of less than 3 billion yuan, accounting for 18.9%. The number of listed companies close to the Shanghai Stock Exchange's 1/5 listed companies is only 1.7%, and there are many loss making companies. As Zhou Qinye, deputy general manager of the Shanghai Stock Exchange, said, in the process of further promoting the construction of blue chip market, the Shanghai Stock Exchange should continue to undertake large-scale blue chip enterprises to log on to the securities market, but also need to make great efforts to improve the stock, strengthen the weak and strengthen the strength, help a number of existing listed companies to become bigger and stronger, and eliminate a number of poor, weak and unworthy enterprises.

The construction of the blue chip market in Shanghai Stock Exchange is an important part of China's multi-level capital market construction. This year, the performance of blue chips in the two tier market has also fully demonstrated the recognition and demand of investors for large blue chip enterprises, and the market capacity is huge. Now, one of the tasks that we need to do is to further improve the issuing system and improve the efficiency of audit in the process of promoting the listing of large blue chip enterprises, and from administrative control to market binding mechanism. On the one hand, it will fully meet the financing needs of a large number of pillar enterprises to further develop, improve the proportion of direct financing in China, support the healthy and rapid development of the national economy, and on the other hand, can better meet the investment needs of investors, especially institutional investors, for safe and high-quality large blue chip enterprises, and share the fruits of national economic development. In this mutually beneficial relationship, the Shanghai Stock Exchange will have a long cherished wish to build high-quality blue chip market.