On November 30, the national development and Reform Commission and other five departments issued the implementation plan for supporting the high-quality development of the demonstration zone for industrial transformation and upgrading of old industrial cities and resource-based cities in the 14th five year plan (hereinafter referred to as the plan), which proposed to “actively support the qualified enterprises in the demonstration zone cities to go on the market”.
At present, relevant state departments have supported the construction of 20 industrial transformation and upgrading demonstration zones in old industrial cities and resource-based cities across the country. According to the data of East Money Information Co.Ltd(300059) choice, as of December 1 this year, there were 294 A-share listed companies in the cities where 20 industrial transformation and upgrading demonstration zones are located, with a total IPO fund-raising amount of 181.28 billion yuan. Among them, 201 are manufacturing companies, accounting for nearly 70%.
Since this year, 28 companies have been listed in the cities where 20 industrial transformation and upgrading demonstration zones are located, with a total IPO fund-raising of 28.34 billion yuan.
Liu Xiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, told the Securities Daily that encouraging and supporting qualified enterprises to go public will enhance the internal driving force of enterprise development. At the same time, it can jointly promote industrial structure adjustment, urban renewal and transformation and green and low-carbon transformation, enable industries with capital and drive cities with industries, Promote the construction of demonstration area cities into national innovative cities, industrial clusters and demonstration bases.
“The capital market is a necessary means to support the industrial transformation and development of old industries and resource-based cities.” Tao Jin, deputy director of the macroeconomic research center of Suning Financial Research Institute, told the Securities Daily that the increase of listed companies will help the region speed up the formation of industrial agglomeration, drive the cultivation and introduction of Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) and form a good industrial investment atmosphere.
The plan proposes to comprehensively enhance the competitiveness of the manufacturing industry. Support cities in the demonstration area to give full play to their comparative advantages, clarify the differentiated positioning of industrial development, cultivate and expand market players, and promote the development of manufacturing clusters. Focus on strengthening, supplementing and smoothing the chain, accelerate the transformation and upgrading of traditional industries, and support the construction of a number of distinctive and competitive industrial clusters (clusters) in the fields of equipment manufacturing, textiles and clothing, electronic information, biomedicine and so on. Actively support qualified cities to increase the layout of emerging industries such as high-end equipment manufacturing, modern information technology, high-end new materials, energy conservation and environmental protection, new energy and new energy vehicles, build strategic emerging industry clusters, and promote collaborative innovation of the whole industrial chain.
In Tao Jin’s view, the competitiveness of manufacturing industry is mainly reflected in two aspects, namely, technical advantage and cost advantage. Starting from the technological advantages, the development of urban manufacturing industry needs certain industrial policies to develop Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) in line with the direction of technological progress; Starting from the cost advantage, it is necessary to combine the city’s own resource endowment, give full play to its comparative advantage, and focus on building its own industrial links.
Liu Xiangdong believes that during the “14th five year plan” period, China attaches great importance to the high-quality development of the manufacturing industry. First, we should maintain the basic stability of the proportion of the manufacturing industry. At the same time, to cultivate new advantages in international cooperation and competition, we also need to accelerate the transformation and upgrading of the manufacturing industry and improve the competitiveness and influence of the manufacturing industry. In addition, in order to better promote the high-end, intelligent and green manufacturing industry, we not only need scientific and technological empowerment and make full use of digital technology to promote the technological transformation and upgrading of the manufacturing industry, but also strengthen scientific and technological research and development, let the manufacturing industry transform and upgrade independently, improve the competitiveness of products and services, and comprehensively enhance the competitiveness of the manufacturing industry.
It is worth mentioning that in recent years, relevant state departments have issued a series of support policies to accelerate the transformation and upgrading of old industrial cities and resource-based cities. According to the national development and Reform Commission, at present, the cities in the demonstration zone have achieved positive results in building an advanced manufacturing base in the fields of equipment manufacturing, electronic information, biomedicine, textile and clothing, as well as high-end equipment manufacturing, modern information technology, high-end new materials, energy conservation and environmental protection, new energy and new energy vehicles, A number of industrial clusters and leading enterprises with strong competitiveness have been cultivated and formed. According to the total industrial output value, 11 industrial clusters with more than 100 billion yuan have been built in the demonstration area cities in 2020.
In Liu Xiangdong’s view, shaping new industrial competitive advantages requires capital and financial empowerment, and encourages financial institutions and capital markets to better serve the needs of transformation and upgrading of manufacturing enterprises, so as to enable them to obtain sustainable innovation investment and high-quality development. In addition, the transformation and upgrading of resource exhausted cities and old industrial base cities is not easy, and more preferential fiscal, tax and financial policies need to be provided.
Wang Meiting, researcher of Bank Of China Limited(601988) Research Institute, suggested that for some old industrial bases with good industrial foundation and resource-based cities with good industrial heritage and perfect supporting industries, we should strengthen efforts to break down institutional and institutional barriers and further revitalize stock assets. At the same time, pay attention to and cultivate “specialized and new” small and medium-sized enterprises, guide local governments to strengthen practical work for small and medium-sized enterprises, promote collaborative innovation in the industrial chain, and increase talent intelligence support.
(Securities Daily)
