In a bid to propel its local economy towards high-quality development, Rudong county in Nantong, Jiangsu province, has long regarded listed enterprises as engines of growth.

To date, the county has facilitated the listing of six A-share companies and seven enterprises on the New Third Board. As of Nov 17, the combined market capitalization of these listed companies has reached 72.38 billion yuan ($10.12 billion).

Jiangsu Zhongtian Technology Co Ltd and Jiangsu Haili Wind Power Equipment Technology Co Ltd, have both achieved market capitalization exceeding 10 billion yuan, while ZTT leads the pack with a market value of 48.53 billion yuan, making it the top A-share-listed company among the 50 listed in the city.

ZTT, with a focus on green energy and communication networks, has evolved over the past 30 years into a major player in the maritime economy, new energy, smart grids, and 5G communication. With over 80 subsidiaries, 14,000 employees, 54 overseas offices, and operations in over 160 countries and regions, ZTT ranks among the top 10 in the world in telecom infrastructure, energy cables, and cable industries. It is also a Fortune Global 500 company in the new energy sector.

To further encourage businesses to go public, Rudong has instituted a white list system for enterprises preparing to go public. The system helps streamline the listing process and addresses approval challenges for aspiring enterprises, aiming to foster a more conducive environment for companies looking to make their mark on the stock market.

Jiangsu Zhongtian Technology Co Ltd. [Photo/Nantong Daily]