SASAC: state controlled listed companies should set an example for stabilizing the capital market

"Special promotion meeting on deepening the reform of state-controlled listed companies and striving to be a three-year action model for the reform of state-owned enterprises" was held on May 18. Weng Jieming, deputy director of SASAC, said that state-controlled listed companies should set an example in promoting the healthy and stable development of the capital market. Adhere to the general tone of "seeking progress while maintaining stability" and take effective measures to maintain the healthy and stable development of the capital market. Local SASAC should actively guide and support the share repurchase and cash dividend of state-controlled listed companies in accordance with the principle of facilitating enterprises. Group companies should be active and responsible shareholders, encourage long-term holding of shares of listed companies, and timely increase the holding of shares of listed companies with undervalued value. Listed companies should timely implement share repurchases to enhance investor confidence. The required funds can be raised through the issuance of preferred shares, bonds and other channels according to law.