Jingjiang, a county-level city of Taizhou in East China's Jiangsu province, has pressed the "acceleration button" for 24 enterprises to encourage them to get listed on the capital market.
In recent years, Jingjiang city has boosted technological innovation in its pillar industries, such as shipbuilding, auto parts, and high-end equipment manufacturing, and created new strengths in the fields of digital and green development by promoting the new energy, health, and new-generation information technology sectors.
On July 16, 2022, the local government unveiled a raft of policies and measures to help local enterprises get listed on the capital market.
By the end of February, Jingjiang had identified 24 local companies that were preparing to be listed. They include Aland Health Holding Ltd, a multinational focused on nutrition, and Sprint Precision Technologies, which specializes in precision parts and components manufacturing.
Efforts should be made to seize the opportunities presented by this national policy and guide enterprises to embrace the capital market as an important path to accelerate their development and achieve greater success in the future, a local official said at a symposium attended by local enterprises on Feb 28.
"We should leverage the capital market to introduce more high-level talent and low-cost funds to promote new development, and achieve a high-level cycle of talent, technology and the real economy," he said.