National People's Congress deputy and Shenzhen Stock Exchange Chairman Sha Yan: The government work report points out the direction for doing a good job in the capital market
Sha Yan, deputy to the National People's Congress and chairman of the Shenzhen Stock Exchange, said at the plenary meeting of the Guangdong delegation on March 5 that the government work report made specific arrangements for giving full play to the functions of the capital market and pointed out the direction for further related work. The capital market plays a unique role in stimulating scientific and technological innovation, forming advanced productive forces, and promoting the construction of a modern industrial system. The growth and expansion of the Shenzhen Stock Exchange effectively confirms the development process of Guangdong's economy. At present, there are 2,858 listed companies on the Shenzhen Stock Exchange, of which 671 are from Guangdong, accounting for 23.5%, ranking first in the country. There are 13 companies with a market value of more than 100 billion yuan, accounting for 30%. Guangdong companies have raised more than 6.7 trillion yuan in total in the Shenzhen Stock Exchange. With the rapid development of the capital market, BYD's market value has increased from less than 60 billion yuan to over 1 trillion yuan, Midea Group's market value has increased from more than 70 billion yuan to 500 billion yuan, and Luxshare Precision's market value has increased from 7 billion yuan to 300 billion yuan, with the highest growth exceeding 40 times.