The Market Value Management Research Project by Dr. Xiaobin Jin’s Team Successfully Concludes, Wins Third Prize in 2025 Sichuan Capital Market High-Quality Development Research Project | Info

Release time:2026-01-10    

To better serve the construction of a strong financial province in Sichuan and the high-quality development of its economy and society, Chengdu Fudan Western International Financial Research Institute actively participated in the 2025 Sichuan Capital Market High-Quality Development research project jointly organized by The Securities and Futures Association of Sichuan, Sichuan Listed Companies Association, and Investment Fund Association of Sichuan. It conducted a special research project titled Research on Market Value Management to Serve the High-Quality Development of A-Share Listed Companies in Sichuan Province, which recently concluded with approval by experts through rigorous evaluation, and received Third Prize in the 2025 Sichuan Capital Market High-Quality Development Research Project.

 

The Securities and Futures Association of Sichuan

Sichuan Listed Companies Association

Investment Fund Association of Sichuan

Announcement on the Evaluation Results of the 2025 Sichuan Capital Market High-Quality Development Research Projects

 

To Member Units, Relevant Universities, Research Institutes, and Individual Researchers:

Under the guidance of the Sichuan Regulatory Bureau of the China Securities Regulatory Commission (CSRC) and with the strong support of all member units and relevant organizations, the research work for the 2025 Sichuan Capital Market High-Quality Development Research Projects has successfully been completed. In accordance with the Management Measures for  Research Projects on Sichuan Capital Market High-Quality Development and Rules for Selection and Conclusion of Research Projects on Sichuan Capital Market High-Quality Development, The Securities and Futures Association of Sichuan, Sichuan Listed Companies Association, and Investment Fund Association of Sichuan, in collaboration with regulatory authorities and industry experts, organized the output evaluation of research projects on the high-quality development of Sichuan capital market. Through rigorous academic integrity checks and expert review, a total of 52 research projects have been approved for conclusion, among which 12 were awarded the Second Prize, 13 Third Prizes, and 27 Excellence Awards (see the appendix for the full list).

The Securities and Futures Association of Sichuan

 

Third Prizes

SS202513

Research on Market Value Management to Serve the High-Quality Development of A-Share Listed Companies in Sichuan Province

Chengdu Fudan Western International Financial Research Institute

ZQ202507

Research on the Rules for Allocating Civil Liability among Intermediary Institutions for Securities Misrepresentation From the Perspective of Partial Joint and Several Liability Theory

Qian Wang (from the Quality Control Department of Huaxi Securities Co., Ltd.)

ZQ202510

Research on the Identification of Elements and Influencing Factors of the “Clean and Honest” Financial Culture in the Securities and Futures Industry

Chengdu College of UESTC and the Huaxi Futures Investor Education Base

JJ202511

Exploring the Post-Investment Management Effectiveness of State-Owned Private Equity Institutions From a Minority Shareholder Perspective with the Objective of Preserving and Enhancing State-Owned Assets

Xiaowei Li (Vice General Manager of Ziyang Airport Private Equity Fund Management Co., Ltd.)

SS202504

Research on the Mechanisms, Pathways, and Policies of Capital Market Empowerment for Scientific and Technological Innovation and the Commercialization of Research Outcomes in Sichuan Province

Business School, Sichuan University and Research Institute of China Chuancai Securities Co., Ltd.

JJ202521

Research on the Functional Positioning and Development Pathways of S Funds in the Multi-Tiered Capital Market

Kexin Tang (Vice General Manager of Sichuan Xingchuan Key Project Equity Investment Fund Management Co., Ltd.)

JJ202502

Research on the Current State and Development Trends of Sichuan’s New Energy Lithium Battery Industry Chain

Geely University and Xin’an Deli New Energy Industry Research Institute of Qingyang District, Chengdu

JJ202519

The Real-World Dilemmas and Institutional Optimization of Private Equity Fund Exits A Multi-Channel Exploration of Exit Mechanisms

Sichuan Zhang Tian Law Firm

 

The project titled Research on Market Value Management to Serve the High-Quality Development of A-Share Listed Companies in Sichuan Province is led by Dr. Xiaobin Jin, Professor at FISF and Member of Chengdu Fudan Western International Financial Research Institute, as the leader and Wangming Li, Research Consulting Manager, as the principal author. It begins with a comparative analysis of genuine market value management versus pseudo-market value management, and combs and summarizes the current state, phase progress and existing deficiencies of the market value management among A-share listed companies in Sichuan. On this basis and during the period starting from May 8th 2014, when “encouraging listed companies to establish market value management systems” was first incorporated into the State Council’s guiding document on the top-level design for China’s capital market, to May 8th 2025, it screens out representative “ten-bagger” listed companies with total market capitalization increased by at least tenfold, and conducts in-depth case studies focusing on their business philosophies, development trajectories and key initiatives. Eventually, their successful experiences and best practices in market value management are summarized in the following ten aspects: “Hunkering Down” Mentality: the wisdom and courage to turn crises into opportunities; Two Types of Customers: the ultimate source of market value growth; Cost Control: a key strategy for navigating economic cycles; M&A and Strategic Investment: a powerful engine for transformation and upgrading; Sci-Tech Innovation: the essential path out of involution; Artificial Intelligence: a strategic lever for seizing the initiative; Corporate Governance: a solid foundation for sound decision-making; Public Opinion Management: a critical test that cannot be overlooked; Global Operations: a transformative leap across oceans; and State-Owned Enterprises (SOEs) and Central SOEs: role models and mentors in market value management. Furthermore, the project also provides policy recommendations for government authorities, listed companies, industry associations, and intermediaries in Sichuan Province on how to forge synergy and jointly cultivate more high-value, high-market-cap, high-quality A-share listed companies during the “15th Five-Year Plan” period.

During the “15th Five-Year Plan” period, Chengdu Fudan Western International Financial Research Institute will thoroughly study and implement the spirit of the congratulatory letter to Fudan University on its 120th anniversary sent by General Secretary Xi Jinping, and strive to make greater contributions to the high-quality economic and social development of Sichuan Province by closely focusing on the needs of Sichuan, fully leveraging the strengths of Fudan, and actively advancing province-university strategic cooperation!