On January 24, Longyuan Power Group Co., Ltd. (hereinafter referred to as “Longyuan Power”) successfully implemented the share exchange, absorption and merger Inner Mongolia Pingzhuang Energy Resources Co.Ltd(000780) scheme, and Longyuan Power successfully landed on the main board of Shenzhen Stock Exchange.
This is a concrete manifestation of the Shenzhen Stock Exchange earnestly implementing the spirit of the central economic work conference, giving full play to the role of market functions, serving the reform of state-owned assets and state-owned enterprises and helping to achieve the goal of “double carbon”. It is also an important achievement for state-owned enterprises to integrate industrial resources, stimulate the vitality of state-owned assets operation and achieve excellence and strength with the help of the capital market platform.
Longyuan Power is a large comprehensive power generation group focusing on new energy business under the national energy group. It is the largest wind power operator in the world. As an overseas listed company of new energy, Longyuan Power’s return to A-share listing is conducive to improving the pattern of Shenzhen’s new energy industry and is of positive significance to improving Shenzhen’s green financial service system.
For a long time, the Shenzhen Stock Exchange has adhered to the strategy of serving the country and worked hard to build a frontier position to help the reform of state-owned assets and state-owned enterprises improve quality and efficiency and an innovation engine to promote sustainable financial development. With the goal of improving the quality of listed companies, formulate the special work plan of the three-year action plan for the reform of state-owned enterprises (2020-2022), improve the regulatory service mechanism, support state-owned enterprises to adjust their business structure, optimize industrial layout and improve the efficiency of capital allocation through strategic mergers and acquisitions and industrial integration. In 2021, state-owned enterprises in Shenzhen implemented 24 major asset restructuring, with a transaction amount of more than 160 billion yuan. Meanwhile, the Shenzhen Stock Exchange has established a diversified docking mechanism with 87 central enterprise groups to practically promote the implementation of a number of reform projects. By the end of 2021, there were more than 250 listed companies engaged in green industries such as new energy materials, new energy vehicles, energy conservation and environmental protection in Shenzhen, with a cumulative equity financing of more than 770 billion yuan and a total market value of more than 7 trillion yuan, accounting for 18% of the total market value of Listed Companies in Shenzhen.
The Shenzhen Stock Exchange said that in the next step, it will continue to implement the decision-making and deployment of the CPC Central Committee and the State Council and the spirit of the central economic work conference, practice the policy of “building systems, non intervention and zero tolerance” and the requirements of “four awes and one joint force”, fully and accurately implement the new development concept and focus on the characteristics of Shenzhen stock market in accordance with the work deployment of the “three stability and three progress” of the Party committee of the CSRC, Improve the quality and efficiency of supervision, optimize the service level, promote strategic restructuring and professional integration, make great efforts to “embroider”, give full play to the market force, support state-owned assets and state-owned enterprises to complete the three-year action objectives and tasks with high quality, jointly help achieve the “double carbon” goal, better serve the construction of a new development pattern and high-quality economic development.
