Officials from Anhui's Hefei and Shanghai's Pudong New Area celebrate the opening of the Hefei branch of the YRD Capital Market Service Nov 25. [Photo/WeChat account: hefeigaoxinfabu]

The Hefei branch of the Yangtze River Delta (YRD) Capital Market Service was established in the Hefei National High-tech Industry Development Zone Nov 25, demonstrating Hefei's determination to embrace Shanghai's financial market.

The YRD Capital Market Service was launched by the Pudong New Area and the Shanghai Stock Exchange to serve the integrated development of YRD and the implementation of a registration-based IPO system on the sci-tech innovation board, two important national projects.

The Hefei branch will provide comprehensive services for sci-tech companies that plan to go public and those that have been listed, aiming to set an example as a leading listing accelerator in Anhui province.

Through the branch, Hefei companies will have more opportunities to cooperate with financial institutions in Shanghai and have easier access to financing and listing channels.

At the opening ceremony, 100 Hefei companies were included in the cultivation plan of YRD Capital Market Service as potential companies to be listed.

The Hefei branch will also help develop YRD's regional financial service coordination mechanism with a focus on science and innovation, investment and financing, cultivating companies to go public, mergers and acquisitions, and reorganizations.

The branch will work as a cooperation between the zone and Zhong'an Chuanggu Technology Park Co Ltd, Anhui's important innovation and entrepreneurship incubator.