Fujian: Incorporate market value management into the performance evaluation system of state-owned listed companies

The General Office of the People's Government of Fujian Province issued "Several Measures to Further Promote the High-Quality Development of Capital Market Serving Technology Companies". It mentions optimizing policies such as segmented subsidies for enterprise R&D expenses to support listed companies in increasing technological innovation. Encouraging listed companies to engage in equity refinancing through rights issues, additional issuance, convertible bonds, etc. Government-guided funds at all levels are encouraged to participate in listed company projects as co-investors based on market principles. Promoting listed companies to strengthen market value management, utilizing stock repurchases, increasing stakeholding and refinancing, guiding listed companies to increase stock repurchase and stakeholding efforts; establishing stable, continuous, and predictable dividend policies to enhance investment value. Strengthening the value management of local state-owned listed companies, incorporating value management into the operational performance assessment system of state-owned listed companies. Local governments should strengthen tracking and service for the high-quality development of listed companies, timely analyze and assess the development and related difficulties of listed companies, and coordinate and solve relevant problems on a case-by-case basis. Supporting state-owned enterprises to assist distressed listed companies through debt restructuring, mergers and acquisitions, and other means, provided that it is lawful, compliant, and risk-controlled.