The city of Qidong in Nantong, Jiangsu province, established an equity investment platform named “Dongjiang Partners” to help facilitate equity financing for small and medium-sized private companies, in October.

As of now, three listed companies and more than 10 equity financing institutes have participated in the platform, which has financed 612 million yuan ($88.74 million) to support development of companies in need of capital. 

The “Dongqiang Partners” platform aims to build a bridge between small and medium-sized companies in Qidong and the city’s listed companies, companies listed in the new over-the-counter market, and other varieties of investment companies. 

Moving forward, Qidong will promote a more frequent dialogue between the financing platform and the small and medium-sized companies by holding forums, organizing road shows as well as other activities.