On January 18, the 4th Baisha spring summit of global M & A and “Phoenix action 1.0 achievement exhibition” were held in “cloud”. The summit aims to deeply explore the fundamental logic of industrial development, jointly explore the latest trend of M & A, and gather more source power of high-quality development.
Zhu Congjiu, vice governor of Zhejiang Province, introduced in his speech that since Zhejiang launched the “Phoenix action” plan focusing on promoting enterprise listing, M & A and reorganization, it has cultivated hundreds of leading enterprises and thousands of backbone enterprises, and realized the addition of more than 350 domestic and foreign listed companies, with a total of more than 750, The total number of domestic listed companies and the number of newly listed companies rank second in China.
In September 2017, Zhejiang officially launched the “Phoenix action” plan. By the end of 2021, the number of A-share listed companies in Zhejiang had exceeded 600, reaching 605. Over the past five years, the number of newly added listed companies in Zhejiang Province has been ranked among the top three in China. In 2021, a total of 89 A-share listed companies were added, ranking the second in China.
The developed market economy, a large number of listed companies and tens of thousands of small and medium-sized enterprises in Zhejiang Province provide fertile soil for M & A. Since the implementation of the “Phoenix action” plan, listed companies in Zhejiang Province have completed 1816 mergers and acquisitions, with an average daily merger and reorganization of more than 1, and the disclosed transaction amount is 683.5 billion yuan, ranking the top in the country in terms of quantity and amount.
According to the data of Zhejiang M & a federation, Zhejiang has newly refinanced 343 billion yuan in the last four years. By year, the proportion of additional issuance in the total refinancing has always remained above 50%; With the gradual expansion of the issuance scale of convertible bonds, the refinancing proportion of convertible bonds will rise to 36% in 2021.
“The prosperity of the refinancing market has effectively helped listed companies expand their main business and cultivate emerging industries.” Gong Xiaolin, executive president and Secretary General of Zhejiang M & a federation, believes that the “Phoenix plan” 1.0 has changed the pattern of Listed Companies in Zhejiang capital market, reshaped the main melody of M & A, strengthened the advantages of Zhejiang, a major manufacturing province, and played an important role in helping the construction of high-quality development and common prosperity demonstration areas in Zhejiang.
Another data shows that since the implementation of the “Phoenix action” plan, 194 listed enterprises in Zhejiang have doubled their operating income; The proportion of the total operating income of Listed Companies in the provincial GDP increased from 36.87% to 50.48%; A total of 204 listed enterprises in Zhejiang Province doubled their net profits and significantly improved their profitability; The market value of 185 listed companies doubled. In addition, from 2016 to 2020, a total of 230 listed companies in Zhejiang doubled their tax contribution, and the total tax payment of listed companies increased from 40 billion yuan to 81.1 billion yuan.
Lu Jianqiang, President of Zhejiang M & a federation and Secretary of the China Zheshang Bank Co.Ltd(601916) Party committee, said that there have been three important changes in the development trend of the M & a market in recent years: first, the real economy is moving towards specialization and innovation; Second, industrial M & A is developing in depth; Third, capital services are moving towards integration and diversification, and a new model of capital market services with various resources is taking shape.
On the same day, Zhejiang M & a federation commended listed companies, M & A cases and intermediaries that made outstanding contributions to the “Phoenix action” plan and released the “Zhejiang Phoenix list”.
