On March 1st, a front page article in Securities Daily stated that listed companies have successively launched valuation enhancement plans, which not only reflects the confidence and determination of listed companies to enhance their investment value, safeguard investor interests, and achieve high-quality development under policy guidance, but also shows that enterprise managers’ understanding and comprehension of market value management itself are constantly deepening. Overall, the valuation enhancement plans actively submitted by listed companies in response to long-term net worth problems have presented three major highlights. One is to strengthen the anchor of the main business with “new” goals, and consolidate the foundation for valuation enhancement. The second is to make full use of policy tools to stimulate the momentum of valuation improvement. Thirdly, state-owned enterprises should lead and leverage the demonstration effect of valuation enhancement. This time, state-owned listed companies actively responded to policy requirements and took the lead in disclosing valuation enhancement plans and accelerating their implementation practices. On the one hand, it can provide reference and guidance for other listed companies, driving more enterprises to take action. On the other hand, the increase in market value of state-owned listed companies has a significant impact on the market, which is conducive to stabilizing the market and better boosting investor confidence. Looking ahead to the future, driven by policy encouragement and guidance, as well as the mission of high-quality development, the valuation enhancement plan for listed companies is expected to be further accelerated, especially with the formulation of a certain degree of mandatory valuation enhancement plan. I believe that as long-term net worth breaking listed companies continue to implement various measures to increase their valuations, while achieving high-quality development, the Chinese capital market will also open a new chapter.
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