As an important component of the modern market economy, the capital market "affects the whole body".
The experience of economic development at home and abroad shows that a standardized, transparent, dynamic and resilient capital market is an accelerator of economic development.
Listed companies often become the best among enterprises when they obtain financial support through direct financing in the capital market to achieve sustainable development and enhance competitiveness.
These enterprises are the leaders and supporters of the regional economy and industry, and are the largest contributors to local tax revenue and GDP.
Therefore, the number of listed companies is not only a hard indicator of local economic strength but also a vane of regional economic development, and the quantity and quality of listed companies in a region represent the economic strength of the region.
As of the end of 2023, there are 5,335 listed companies in the A** market, with a total market value of about 8373 trillion yuan.
These enterprises are also bringing important increments and variables to the regional economic map and competition pattern, and they are an indispensable observation perspective and interpretation dimension.
.aThe total number of listed companies
Guangdong takes the lead in the economic province
Wind data shows that by the end of 2023, there have been more than 100 A-share listed companies in 12 provinces, namely Guangdong, Zhejiang, Jiangsu, Beijing, Shanghai, Shandong, Anhui, Sichuan, Fujian, Hunan, Hubei and Henan. The number of A-share listed companies in these 12 provinces reached 4,405, accounting for 80%. Among them, the number of A-share listed companies in Guangdong Province reached 872, the number of listed companies in Zhejiang Province reached 701, and the number of listed companies in Jiangsu Province reached 689, accounting for 40% of the number of A-share listed companies.
It is not difficult to find that the concentration of listed companies is basically a large economic province with high hopes. Guangdong, Jiangsu, and Zhejiang, which have the largest number of A-share listed companies, have always ranked among the top provinces in terms of GDP, and Guangdong and Jiangsu are the big brothers who lead the charge.
Among the 12 regions with more than 100 listed companies, Guangdong represents the Yangtze River Delta, Beijing represents Beijing-Tianjin-Hebei, and Zhejiang, Jiangsu, and Shanghai converge into the Yangtze River Delta, which is itself the three most important growth poles of China's economy.
Anhui, Hunan, Hubei and Henan are undoubtedly powerful symbols of the rise of central China.
From inter-provincial refinement to inter-city, the attractiveness and cultivation of central cities to listed companies have also been further demonstrated.
Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou, Suzhou, Nanjing, Chengdu, Ningbo, Hefei, Wuhan, Chongqing, Wuxi.
Changsha, Tianjin, Xiamen, Changzhou, Xi'an, Shaoxing and Qingdao are the 20 cities with the largest number of A-share listed companies, with 2,942 listed companies, accounting for 55% of the A-share listed companies.
Among them, Beijing, Shanghai and Shenzhen are among the top three, with 475 A-share listed companies, accounting for 25% of all A-share listed companies, which means that one out of every four A-share listed companies is from Beijing, Shanghai and Shenzhen.
These cities have the corresponding economic strength behind the listed companies, in fact, there is no need to explain much.
The four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen are themselves the head geese phalanx of China's economy.
Hangzhou, Suzhou, Nanjing and other places where listed companies are concentrated are also economic centers with various halos such as regional central cities and provincial sub-centers.
There is no doubt that the strong economic backing and good commercial soil will naturally allow listed companies to break ground with faster speed and volume.
Market capitalization of A-share listed companies
Beijing is far ahead of the "stock king".
With the huge number of listed companies, Beijing and Guangdong provinces are also far ahead in terms of total market capitalization, with 2086 trillion yuan and 13 trillion yuan.
Although Beijing is not as good as Guangdong in terms of the number of listed companies, its total market value is an order of magnitude higher than Guangdong's, becoming the only region that has crossed the 20 trillion mark. This is inseparable from the fact that Beijing has many large-capitalization enterprises with hundreds of billions or even trillions.
As of the end of 2023, 6 of the top 10 listed companies with a** value are located in Beijing, and all of them have a market value of more than one trillion yuan.
They are Industrial and Commercial Bank of China (1,589.2 billion yuan), China Mobile (1,292.8 billion yuan), Agricultural Bank of China (1,245.8 billion yuan), PetroChina (1,241.8 billion yuan), China Construction Bank (1,075.5 billion yuan), and Bank of China (1,066.7 billion yuan).
The total market value of these six giants exceeds 7,512 billion yuan, equivalent to nearly 40% of the total market value of Beijing's A-share listings, and it also exceeds the total market value of Shanghai's third-ranked A-share listed companies (7,283.9 billion yuan in Shanghai).
These six "trillion" enterprises have also become absolute players in the "trillion club" among A-share listed companies in Beijing.
Although there are only 36 A-share listed companies in Guizhou, the total market value is more than 2.5 trillion yuan, and the total market value of Moutai is more than 2.16 trillion yuan.
A-share newly listed companies
Jiangsu, Guangdong and Zhejiang lead the way
According to the data, the number of A-share IPOs has slowed down in 2023, with a total of 313 new listings throughout the year. Among them, 103 new shares were issued by the Shanghai ** Exchange, with a financing amount of 193.7 billion yuan, and 133 new shares were issued by the Shenzhen ** Exchange, with a financing amount of 148.1 billion yuan. The Beijing ** Exchange had 77 new listings, raising 14.6 billion yuan.
In 2023, a total of 313 IPO companies will be listed on the A-share market, and the distribution of listed companies will also cover the vast majority of provinces. Although in terms of distribution, there are more new listed companies that are evenly stained with rain and dew, but in terms of quantitative distribution, the major economic provinces and listed companies are still big winners by virtue of their growth inertia.
Guangdong, Jiangsu and Zhejiang, the three major economic provinces, firmly occupy the position of the first echelon of IPOs.
Jiangsu leads the provinces with 58, followed by Guangdong, which occupies the top spot of listed companies all year round, with 51, and Zhejiang ranks third with 47.
After Guangdong, Jiangsu and Zhejiang, Shanghai and Beijing had 26 and 20 companies listed respectively last year, ranking fourth and fifth respectively, and 18, 13 and 11 companies in Shandong, Anhui and Jiangxi provinces were listed respectively, and the number of listed companies exceeded double digits.
From the perspective of the amount raised, the top two in the total amount of funds raised in the initial offering in 2023 are still Guangdong and Jiangsu, with a total amount of 586 respectively6.5 billion yuan, 5746.7 billion yuan;Shanghai replaced Zhejiang in the amount of funds raised, with a total of 5409.9 billion yuan, and Zhejiang with 4414.5 billion yuan ranked fourth.
In addition, Beijing, Anhui, Shandong, Chongqing, Shanxi, etc., the total financing exceeded 10 billion yuan, and the total financing of Beijing and Anhui was 2674.5 billion and 2392.5 billion yuan, Shandong, Chongqing, and Shanxi were 1448.8 billion yuan, 1207.4 billion yuan, 1165.8 billion yuan.
From the perspective of prefecture-level cities (districts), 23, 20 and 14 companies in Shenzhen City, Guangdong Province, Suzhou City, Jiangsu Province, and Hangzhou City, Zhejiang Province, respectively, completed IPOs, and the number of A-share IPOs ranked among the top threeShenzhen City, Guangdong Province, Suzhou City, Jiangsu Province, and Hefei City, Anhui Province respectively raised 2825.7 billion yuan, 2378 billion yuan, 1771.6 billion yuan, the total amount of funds raised in the initial offering of A-shares ranked among the top three.
Looking forward to the future, with the country's strong support for the capital market and the deepening of reform, China's capital market will further release its huge potential, and A-share listed companies are also expected to play a greater supporting role in economic development.
Under the guidance of the country's strategy of vigorously promoting economic transformation and upgrading through innovation, the public's scrutiny of the capital market is becoming more stringent and demanding, and listed companies with industrial leadership, innovation breakthroughs and core competitiveness will also become an important engine to promote regional and national economic development.
For the region, high-quality competition is more worth looking forward to.