Shanghai Securities News｜SSE Holds Commercial Aerospace Industry Symposium to Support the Accelerated Development of Key Areas of New Quality Productive Forces

Translated from Shanghai Securities News

On April 18, the Shanghai Stock Exchange (SSE) hosted a symposium with leading enterprises in the commercial aerospace sector. Representatives from the SSE and 10 prominent companies specializing in commercial rockets and satellites engaged in in-depth discussions, offering insights and suggestions. The meeting focused on exploring how the capital market can better support the high-quality development of commercial aerospace.

The attendees held extensive discussions on the state of development within the commercial aerospace industry, trends in investment and financing, and strategies for the capital market to more effectively support the sector's growth. The attendees also noted that commercial aerospace serves as a critical driver for China's progression from being a major space-faring nation to a leading space power. The sector has seen rapid advancements in recent years, with steady progress in the deployment of giant satellite constellations and a number of innovative rocket models poised for imminent launch.

Industry experts highlighted the defining characteristics of the commercial aerospace sector: high technological demands, significant investment needs, elevated risks, and extended development cycles. As the sector enters a vital period of transformative growth, they emphasized the necessity for the capital market to adopt a more inclusive approach and for sustained patient capital—described metaphorically as "long hill and wet snow."

A senior executive at the SSE stated that commercial aerospace represents a promising future industry where private enterprises can showcase their expertise and unlock significant potential. Promoting high-quality development in commercial aerospace aligns with the capital market's role in advancing the innovation-driven development strategy and supporting the real economy. The SSE plans to maximize its strengths in consolidating large-cap blue chips, pioneering hard technology, offering multi-product solutions, and providing precision services, thereby fully supporting the rapid growth of commercial aerospace and other key areas of new quality productive forces.

According to reports, the SSE will implement more practical measures to further its "open-door review, open-door supervision, and open-door service" initiatives, enhancing communication and collaboration with market participants to deliver targeted and effective support for high-quality economic development.

The above information is provided for reference purposes only and does not constitute investment advice.