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Tongzhou encourages more enterprises to go public

Updated: 2019-03-14

Tongzhou district opened a training course for enterprises to be listed in Chinese capital market on March 8. A project roadshow was also held for these enterprises to find investors.

Professionals from Haitong Securities and Everbright Securities conducted training for more than 50 enterprises.

They explained rules for a company to be listed on the science and technology innovation board on the Shanghai Stock Exchange, related to subjects including the applications process, filling in project information, and submitting related documents.

“Many entrepreneurs from private companies know little about the capital market,” said Xu Jinbiao, general manager of Jiangsu Zhunxin Automation Technology Co Ltd.

“We know more about the requirements for going public through this activity, and this training helps us a lot for us to change business ideas,” said Xu.

Tongzhou district currently has the largest number of public companies in Nantong. It has made great efforts to grasp big opportunities during the reform of the capital market.

The district government issued a document on how to accelerate the share reform and gave more support for enterprises to go public.

The number of public enterprises is expected to double in the next three or five years, according to the document.

Currently, there are eight public companies listed in the A-share market and nine companies listed in the new third board, an over-the-counter market for growth enterprises.