It has been one month since the Shanghai Stock Exchange issued the notice on several measures to deal with the epidemic situation, optimize self regulatory services and further ensure market operation. Over the past month, the Shanghai Stock Exchange has kept its important posts and important work in order to maintain the financial stability of “Shanghai”; Safe operation of trading business and technology system to maintain the stable operation of capital market; Shanghai listed companies fight the epidemic and resume work “with both hands” to help restore the normal operation of economy and society.
all businesses are advancing orderly
make every effort to ensure market stability
The security of every transaction and the smooth operation of every second in the securities market are inseparable from the core hub of the exchange. It is reported that in order to ensure the smooth and safe operation of the trading business, the Shanghai Stock Exchange implements closed-loop management on the core personnel of the trading business operation, organizes the business operators of the core trading system to be closed in Jinqiao disaster recovery base, and establishes a minimum business operation team to work in the office for 24 hours; At the same time, a core transaction standby team of 50 people is enabled to work in Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) office, and make every effort to ensure the smooth and continuous operation of transaction business through remote office and other measures. In addition, the Shanghai Stock Exchange has also retained a team of 10 people to be ready to deal with emergencies in transaction operation at any time.
In terms of the audit of the science and innovation board, the listing audit center makes every effort to ensure the continuous filing of the audit of issuance and listing, and normally accepts IPO, refinancing, major asset restructuring and other relevant applications; If the issuer and intermediary institution are really affected by the epidemic and cannot reply to the audit inquiry or complete the due diligence within the specified time, they can apply and suspend the audit with the consent of Shanghai Stock Exchange; Issuers and intermediaries are encouraged to communicate and consult online to ensure the normal progress of the issuance and listing audit process of enterprises affected by the epidemic.
According to the combing of the website of Shanghai Stock Exchange, the reporter of Securities Daily found that in the past month, the municipal Party Committee on the science and Innovation Board held 9 meetings to review and approve the initial listing application of 12 enterprises and the refinancing application of 1 enterprise.
In terms of issuance and listing, the Shanghai Stock Exchange normally accepts the issuance and underwriting plans of enterprises through the electronic business system, encourages enterprises and lead underwriters to normally carry out roadshow promotion through the Internet, telephone and other means, and provides “cloud listing” services. At the same time, the business personnel stationed at the exchange and on duty shall be arranged to ensure the safety of online listing and trading. According to the reporter’s statistics, in the past month, 13 enterprises completed online and offline purchase related work, and 16 companies were listed.
Since mid March, the acceptance and review of corporate bonds has entered a peak period. For enterprises in regions and industries seriously affected by the epidemic, if the funds raised by bonds are used in fields related to epidemic prevention and control or to repay corporate bonds due during the epidemic prevention and control period, the Shanghai Stock Exchange shall establish a green channel for issuance services, that is, reporting for immediate review and handling special affairs, simplify the audit process, give priority to arranging audit meetings and improve service efficiency.
For example, the first national epidemic prevention and control bond issued by Jinqiao Group in 2022 was listed on the Shanghai Stock Exchange on April 25, with an issuance scale of 760 million yuan. No less than 50% of the bond raised funds will be used for material procurement and working capital supplement related to epidemic prevention and control. In addition, according to wind information, Wenzhou Modern Service Industry Development Group Co., Ltd. and Zhejiang Huzhou Nanxun economic construction and Development Co., Ltd. also released the epidemic prevention and control bond issuance plan, with a total fund-raising of 288 million yuan.
“In order to ensure that asset securitization financing and infrastructure public offering REITs financing work will not stop, three colleagues of the second financing office, as the smallest operating unit in the Institute, moved at the command and worked in the Institute since March 23.” Relevant persons from Shanghai Stock Exchange told the reporter of Securities Daily that during this period, they continued to promote the ABS audit and orderly promote the key work of REITs, including the sale of CCCC Jiatong REIT project, REITs raising rules and technical preparation, so as to ensure the continuity and stability of all work.
In April, the disclosure of annual reports of listed companies entered an intensive period. According to relevant sources of Shanghai Stock Exchange, on the one hand, Shanghai stock exchange makes full use of scientific and technological means to realize home office and ensure that all kinds of information disclosure businesses of listed companies are not disorderly; On the other hand, it helps the listed companies to disclose all kinds of information online and solve all kinds of difficult problems.
listed companies accelerate resumption of work and production
help economic and social recovery
Listed companies cover all major industries related to the national economy and the people’s livelihood, including high-quality blue chip enterprises and leading companies in various industries, as well as “hard technology” enterprises with high scientific and technological content and strong innovation ability. The orderly resumption of work and production of Listed Companies in Shanghai is not only conducive to the stability of the financial market, but also help restore the normal operation of the economy and society.
The automobile industry is one of the pillars of Shanghai’s economy. Among the first batch of 666 “white list” key enterprises, nearly four have become automobile industry chain enterprises, including subsidiaries of Saic Motor Corporation Limited(600104) , West Shanghai Automotive Service Co.Ltd(605151) group.
“Since the outbreak of the epidemic, SAIC Lingang passenger car factory has quickly defined specific measures for epidemic prevention and control, paid equal attention to epidemic prevention and production, and worked hard to ensure the steady operation of production on the premise of ensuring the health and safety of employees.” Saic Motor Corporation Limited(600104) relevant people told the Securities Daily that on April 18, Saic Motor Corporation Limited(600104) started the pressure test for resumption of work and production at the Lingang passenger car base. On April 19, the first vehicle after the pressure test was started went offline. At present, many brands of complete vehicles have been offline one after another to meet the needs of China and export orders.
“Shanghai Yanxin automobile seat accessories Co., Ltd., a subsidiary of the company, has entered the ‘white list’ of the first batch of key enterprises. In the future, it will resume work and increase production reasonably and steadily according to the needs of customers.” The relevant person of West Shanghai Automotive Service Co.Ltd(605151) group told the reporter of Securities Daily that at the beginning of this round of epidemic, the company had more than 400 employees in the factory in Shanghai, under closed-loop management. At the same time, the company has made adequate living security and reasonable epidemic prevention and control arrangements for employees in the closed area to ensure the stable operation of production as far as possible. In addition, nearly 300 employees of the company are actively preparing to return to work, and will gradually return to work and put into production and operation according to the epidemic prevention and control policies and customer return to work arrangements.
Zhejiang Huayou Cobalt Co.Ltd(603799) Quzhou base produces products mainly used in 3C digital products and new energy vehicles, and most of the main products are exported overseas Zhejiang Huayou Cobalt Co.Ltd(603799) relevant people told reporters that from April 4, the two factories began to resume production in an orderly manner after the review and confirmation of relevant parts of Quzhou smart new town. As of April 6, Quzhou base has fully resumed production. The resumption of work and production of Quzhou base can ensure the timely delivery of client products, safeguard the company’s industry reputation and position, and ensure the normal operation of the supply chain of mainstream automobile and digital mobile phone terminals at home and abroad.
In addition to automobile manufacturing enterprises, the resumption of work and production of enterprises in social security industries such as electrical equipment, maternal and infant supplies and people’s livelihood drugs is also actively under way.
According to the reporter, at present, more than 30 key production enterprises under Shanghai Electric Group Company Limited(601727) group are in closed production, with an operating rate of about 30% and a return rate of about 47%. We are gradually returning to normal work and production, and steadily expanding the scale of production.
the steam turbine plant of Shanghai Electric Group Company Limited(601727) power plant equipment Co., Ltd. undertakes the production and processing of power equipment required for equipment maintenance of many power plants in Shanghai. It is understood that the factory overcame the adverse conditions such as severe epidemic situation, urgent delivery date, tight supply chain and limited post staff, and went all out to restore production capacity and ensure the completion of the task.
According to Shanghai Aiyingshi Co.Ltd(603214) relevant persons, as a domestic material guarantee and supply enterprise for epidemic prevention and control in Shanghai, the company has nearly 80 people who have successfully obtained the vehicle pass of the guarantee and supply unit, and more than 100 people have successfully passed the application for resumption of work and invested in promoting the resumption of work and production. As of April 26, more than 40 stores in Shanghai Aiyingshi Co.Ltd(603214) Shanghai have resumed work and production.
“During the current round of epidemic in Shanghai, the company actively practiced corporate social responsibility and industrial responsibility, promoted the full opening of its pharmacies, rapidly restored the number from 10 in early April to 53 at present, and provided global pharmaceutical services and dispensing services for key urban areas through I Bailian app’s’ medicine home ‘channel and other channels.” Shanghai No.1 Pharmacy Co.Ltd(600833) relevant people said.
