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Nov. 16 (NBD) -- The 2018 Chinese Listed Companies Summit kicked off on Thursday in southwest China's Chengdu.

The summit, one of the most influential high-end economic forums in China, has been successfully held for six sessions by National Business Daily.

This year marks the 40th anniversary of China's reform and opening-up. By taking advantage of the opportunities created by reform and opening-up, a large number of Chinese listed companies have become industry leaders. However, in a new era, China's leading companies should keep pursuing excellence in virtue of new thought and ideas.

This is a question to which the summit intends to provide some answers. Themed with "In Request of High-quality Development, In Pursuit of Economic Momentum", the two-day forum this year invited representatives with outstanding listed companies and securities firms as well as business leaders and top economists at home and abroad to share insights on the current and future growth trend of China's economy through discussions centering on hot topics such as consumption upgrading, changing world economic landscape and China's key competitiveness.

Xu Shanda, a former deputy director of the State Administration of Taxation, said that state-owned capital constitutes an important resource in the hands of the country, and if distributed better, it can provide a greater impetus for China's reform and development.

Photo/NBD

With regard to how companies can gain a firm foothold amid the deepening reform, Xu stated in his keynote speech on Friday that at the next stage of development, the country relies mainly on technological progress. Be it in the midst of the supply-side reform or economic transformation, the key for enterprises is to increase the technological elements in their products and services, Xu added.

Taking a different angle of management mechanism inside enterprises, Wang Xian, deputy director of the National Institute of Financial Research at Tsinghua University, underscored the significance of improved governance of listed companies to the steady progress of companies themselves and to the healthy development of the overall capital market.

Moreover, to discover the impact of technological breakthroughs including big data, Internet of Things and artificial intelligence on future business models and to find new development momentum in the global consumer industry, the summit is to hold a parallel forum to gather insightful thoughts and forge effective alliances, with the aim to provide high-quality soil for the growth of outstanding venture capital enterprises and projects in years to come.

Besides, two other parallel forums will be held to explore new reform, development and momentum in the fund and digital entertainment sectors.

After the summit, the most reputable Chinese listed companies will be unveiled, in order to recognize investment value of those firms.

Email: gaohan@nbd.com.cn