March 15 this year，The China Securities Regulatory Commission issued the "Opinions on Improve the quality of listed companies from the source (trial)"，Focusing on improving the quality of listed companies from the source，Comprehensive strictly strengthening the supervision of enterprises' issuance and listing activities，Pressing and pressing the responsibility of the stakeholders of the entire chain of the entire chain。Strengthen supervision in the CSRC、In the context of strict control of risks，The pace of successful sprinting IPO in the short term of printing and packaging companies will slow。But in the long run，Strictly control the listing of "Entry Pass"，Can improve the overall quality of listed companies，and the value screening function of the capital market enhances the investment value of the enterprise。Specifically，The impact of the newly released listing policy on printing and packaging companies is reflected in two aspects。
The small climax of the printing industry is slowing
For the company that is planned to be listed，"Opinions" stipulates: "Guide to improve the quality of listed companies，Research to improve listing financial indicators，Optimized sector Positioning Rules，Provide the market with better investment targets。"" can be seen from it，Enterprise listing standards will be greatly improved，Specific may include improving listing financial indicators、Optimizing the positioning rules of different sectors and strictly reviewing unprofitable enterprises。At the same time，The "backdoor listing" behavior, for the purpose of avoiding IPOs, will also be hit，By increasing the threshold for listing, it will filter out some of the low technology content、Poor financial quality、Internal control chaotic enterprises。
From the public financial report of the printed and packaging enterprise of accelerated sprint ipo，The financial indicators of some companies are still a certain distance from the listing standard，Modern corporate governance system is not perfect，There are fewer companies that can meet the listing standards in the short term。The small climax of the printing and packaging industry in recent years may be difficult to continue，The pace of listing of printing companies will have a significant slowing trend。
Positioning of the listing sectors，"Opinions" stipulates: "Persist in the functional positioning of each plate，The motherboard highlights the industry's representativeness，Reflecting the ability of investors to give back to investors; GEM emphasizes anti -risk ability and growth requirements，Support growth and innovation and entrepreneurs with development potential; science and technology board highlights 'hard technology' features，Requirements for enhanced science and innovation attributes; the Beijing Stock Exchange continues to improve service innovation SMEs' functions。"" Printing and packaging enterprises meet the cultivation of the "Specialty Specialty" small giant enterprise，Functions that make it move towards the invisible champion enterprise，It is expected that the North Stock Exchange will become the main target section for the listing of printing and packaging companies in the future。
Help the Indian company to increase investment value
China's capital market has entered a new stage of incremental quality and quality，Gradually advance in the comprehensive registration system、Under the background of the construction of multi -level capital market，Enterprise IPO distribution should be more stable、Reasonable rhythm，Keep one level、Dynamic balance in the secondary market。With the "Opinions" strictly put the various measures of the "entry level"，Ecology of an enterprise application IPO will fundamentally change，Increase the quality of listed companies、It is important to optimize market ecology and reduce market risks，and promote the capital market to better play the function of the macroeconomic "barometer" function。
On the one hand，More stringent IPO review and information disclosure requirements will help improve the quality of the overall printing capital market，Screening more powerful and potential companies enter the market。On the other hand，"Opinions" requires companies to establish a modern enterprise system before listing，It means that enterprises need to have a clear governance structure、Transparent decision -making process and effective internal control mechanism，Promote printing and packaging companies more cautiously examine business development and financial status before listing，To meet the requirements of the regulatory agency，Reduce financial risks in listed companies、Information opaque and the possibility of violations，Improve the company's corporate governance level and financial quality of the printed and packaged listed enterprises。other，Supervision strengthened the inclusiveness of the interest distribution of listed enterprises，Specific requirements for the rationality of the funding of fundraising projects and short -to -medium and long -term planning，Ensure that enterprises use listing financing to support the real economy，Increase the investment value of the investment value of printing and packaging enterprises。
The printing and packaging industry presents a typical "big industry、Small Companies "Features，There are many small and medium -sized enterprises，Disclosure of competition pattern，Relatively concentrated market share。Especially with the Internet、Big Data、The rapid development of technologies such as artificial intelligence，The printing and packaging industry ushered in digitalization、Intelligent change。Printing and packaging enterprises can introduce advanced information technology and management methods，Automation of the production process、Intelligent，Improve production efficiency and product quality。At the same time，Green、Low -carbon、Environmental protection has become the main axis of the development of the printing and packaging industry，Personalized、Diversified、Customized consumption has become a new direction for the development of the printing and packaging industry。From this perspective，Printing and packaging companies want to achieve rapid growth，Corporate financing capabilities will become the key to the future development of the enterprise。Under the strong regulatory mode of the "entry level"，The value screening function of the capital market is continuously strengthened。To adapt to the new situation and new changes，Enterprises must practice internal skills，Focus on the core main business，Adhering to the development concept of "specialized new"，Realize digital and intelligent transformation and upgrade，Refine the core competitiveness of enterprises in various market segments，Actively explore the new development model，The strong supervision of the CSRC has forced enterprises to establish a sound and complete corporate governance system and cultivate continuous profitability，Realize the value of the company's investment value，Then promote the printing and packaging sector to become an important force that supports the growth of China's stock market。
