GDD leads country in listing competitiveness

Guangzhou Development District (GDD) was recognized as a leading Chinese district in terms of listing competitiveness during the 2020 China Capital Annual Conference, which took place in Wuxi, East China's Jiangsu province on Nov 28.

Since the beginning of this year, eight more GDD enterprises have gone public. Guangzhou Jet Bio-Filtration Co Ltd, Guangzhou Risong Intelligent Technology Holding Co Ltd, Bio-Thera Solutions Ltd, and Guangzhou LBP Medicine Science and Technology Co Ltd were listed on the science and technology innovation board.

In addition, Guangzhou Ruoyuchen Tech Co Ltd, Xpeng Inc, and China New Energy Limited were listed on the small and medium-sized enterprise (SME) board or overseas capital market. Listed enterprise Guangdong Yantang relocated to the district this year. The number of local listed enterprises has reached 61, ranking first in Guangzhou and national economic development zones across the country.

Three GDD enterprises have passed the examination of the listing committee of the Shanghai or Shenzhen Stock Exchange, or the listing hearing of the Hong Kong Stock Exchange. Five have applied for listing on the SME board or the science and technology innovation board. Sixteen are receiving pre-listing tutoring or registration at the Guangdong Securities Regulatory Commission.

GDD has released an action plan to promote the listing of enterprises, which proposes to have 500 high-quality enterprises for listing cultivation and 50 listing reserve enterprises. An expert repertory will be established to provide listing consultancy for enterprises.

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