Rugao-based Yongda Chemical Machinery rings the opening bell on the Beijing Stock Exchange. [Photo/WeChat account: rugaofabu]

Rugao's capital market development reached a new milestone on June 15 as Jiangsu Yongda Chemical Machinery rang the opening bell on the Beijing Stock Exchange, becoming the city's 11th listed company.

Yongda has spent the past 17 years building expertise in the research, design, manufacturing, sales and technical services of pressure vessels used across a range of industries, including basic chemicals, coal chemicals, oil refining and petrochemicals, as well as the photovoltaic and pharmaceutical sectors.

The company's cutting-edge technological capabilities and superior product quality have established its reputation among some of China's largest state-owned enterprises. It has achieved the status of a first-tier supplier for four major central government-owned entities: Sinopec, PetroChina, CNOOC, and the China National Nuclear Corporation. In addition, Yongda has forged enduring and stable partnerships with a multitude of esteemed chemical enterprises, reinforcing its position in the industry.