Hohhot, capital city of North China’s Inner Mongolia autonomous region, has increased its policy support, services and incentives to promote the listing of companies in the city, according to news agency Xinhua.

There are nine Hohot-based companies currently listed on China's main stock market and the major international share markets -- as well as another 17 listed on China's New Third Board Market for smaller companies and another 186 on the lesser New Fourth Board Market.

At present, some 21 companies based in the city are set to be listed and Hohhot officials have compiled listing plans and work plans for them, formulated target tasks and ledger lists.

Hohhot has researched and formulated the Opinions on Accelerating the Promotion of Enterprise Listings.

Under this, local companies that issue shares on the main stock exchanges at home and abroad for the first time get a grant of 2 million yuan ($282,570), those listing on the lesser New Third Board Market get 500,000 yuan, while those listed on the New Fourth Board receive 50,000 yuan.

To date, a total of 29 million yuan of reward funds have been issued.

In addition, Hohhot organized listing training sessions for the enterprises in the city, to help them understand the capital markets and plan for a listing.

Officials said Hohhot will establish and improve its reward mechanism for the relocation of the headquarters of listed companies and promote the development of a multi-level capital market.

Depending on the listing situation and the stage along the path to the listing, incentive bonuses ranging from 1.5 million yuan to 10 million yuan will be given to the candidate company.

In addition, other financial incentives are to be on offer.

Officials said the municipal finance department is to put 20 million yuan into the budget every year for a loan risk compensation mechanism for listed companies and to promote financial institutions to increase their credit lines to companies.