Chongchuan sees increasing number of listed companies
Two companies based in Chongchuan district in Nantong, Jiangsu province went public this year, bringing the total number of listed companies in the district to an impressive 18.
The continuous growth in the number of listed companies in Chongchuan can be attributed to robust policy support. In recent years, the district has rolled out a series of policy initiatives aimed at enhancing incentives for companies to go public and refining its supportive measures for the listing process.
So far this year, Chongchuan's implementation of a 6.4-million-yuan ($894,905) reward scheme at both the district and municipal levels has played a pivotal role in accelerating the pace of companies going public.
For prospective listing candidates, Chongchuan has instituted a white list management system to assist companies in addressing challenges and expedite approval processes. To date, five enterprises have earned a spot on this prestigious list.
One of the beneficiaries of these approaches is Tongfu Microelectronics Co Ltd. Specializing in integrated circuit packaging and testing, the company has been recognized as a national-level key high-tech enterprise and ranks among China's top 100 electronic information enterprises.
Tongfu Microelectronics Co Ltd. [Photo/Nantong Daily]
