Nantong Sun-Green Bio-Tech Co Ltd – based in the Tongzhou district of Nantong city, in East China's Jiangsu province – listed its shares on July 13 on the National Equities and Exchange Quotations, or NEEQ.

The popular NEEQ – also known as the New Third Board – is the third national equity trading market after the Shanghai Stock Exchange and Shenzhen Stock Exchange and was inaugurated in 2013. Nantong Sun-Green Bio-Tech's debut means that the number of NEEQ- listed companies in Tongzhou has now reached 10.

Sun-Green Bio-Tech is a high-tech enterprise specializing in the research, development and production of isolated soy protein and soybean peptides. Located in the Sun-Green Bio-Tech Park in Pingchao town in Tongzhou, the company's site there covers about 4 hectares and it invested over 120 million yuan ($18.6 million) in its production plant.

It currently has annual production capacity of 5,000 tons of high-quality soy protein isolate and related products and it began operations in 2004.

In recent years, Tongzhou district has continued to roll out incentives to encourage private companies to go public.

At the start of the year, the municipal government issued the paper Several Policies and Regulations on Accelerating the Listing of Enterprises, in order to promote a more efficient listing service process, highlight policy support more prominently and make sure that financial rewards are distributed reasonably at different stages of a listing.