Shanghai state-owned enterprises continue to improve shareholder returns and value performance.

On May 9th, the Shanghai State-owned Assets Supervision and Administration Commission, in conjunction with the Shanghai Stock Exchange, jointly held the Shanghai State-owned Holdings Listed Companies Collective Performance Presentation for the year 2024. Six Shanghai state-owned holding listed companies listed on the Shanghai Stock Exchange, including Shanghai Port Group, Huayi Group, Shanghai Pharma, Pudong Development Bank, China Pacific Insurance, and Data Communication Group, attended the meeting. Executives from the participating listed companies introduced their company's work effectiveness and future plans through a combination of on-site communication and online interaction, aiming to convey confidence in development. The Shanghai State-owned Assets Supervision and Administration Commission stated that Shanghai's state-owned enterprises will strive to deepen and enhance the reform and improvement of state-owned enterprises, plan for a new round of state-owned assets and enterprises reform with high standards, further guide regulatory enterprises to pay attention to the market value performance of state-owned holding listed companies, effectively protect investor rights, regulate market value management work, accelerate the optimization of state-owned assets layout structure, promote listed companies to continuously strengthen core competitiveness, continuously enhance shareholder returns and value performance, and better play the role of the capital market as a "stabilizer" and "ballast stone".