Huangpu pioneers in Guangzhou in helping companies list

Huangpu district signs a strategic cooperation contract with Shanghai Stock Exchange in September 2017.

Huangpu district devoted great efforts to helping local companies go public in 2019, a pioneering step in Guangzhou.

Four companies were listed in 2019, raising the total number of listed companies in Huangpu to 53, ranking at the top both in Guangzhou and among all development districts in China. 

A total of six companies have gone public on the science and technology innovation board, accounting for 60 percent of the total in Guangzhou. Eighteen companies have been registered to get guidance for being listed in Huangpu, the most among all districts in Guangzhou.

Huangpu has strengthened strategic cooperation with stock exchanges to provide efficient channels for local companies to enter the capital market, setting up a service system that covers all the industrial chains and assists companies throughout the whole process.

The district has signed strategic cooperation contracts with the Shanghai Stock Exchange, normalized communication mechanisms with the Shenzhen Stock Exchange and opened communication channels with the Hong Kong Stock Exchange and Singapore Exchange.

The district has been guiding financial elements to offer stronger support for companies, especially those who intend to be listed, by establishing a financial chain integrating Angel investment, venture capital, private equity and initial public offerings.

Preferential policies have been launched in the district to offer more subsidies for companies.  For example, companies successfully listed after shareholding reform can get a staged reward of up to 6 million yuan ($859,974.05).

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