NETDA beefs up stock market listings by resident companies

The Nantong Economic & Technological Development Area, or NETDA – located in Nantong city in East China's Jiangsu province – plans to actively lend a hand with the stock market listings of at least two of its resident companies this year, according to local media reports.

As one of the primary methods of capital market value creation, the listing of companies is known to be a barometer of the health of a regional economy – and the number of listed companies is also said to reflect the level of economic strength of a region.

To this end, the NETDA launched a campaign at the start of last year – which it is continuing – to strengthen government support, guidance and services for companies that are preparing an equities flotation.

According to official statistics, 11 enterprises in Nantong listed last year, two of which were from the NETDA.

According to Qin Huachun, director of the NETDA's economic development bureau, the development area will select about 30 backup enterprises and maintain dynamic tracking and monitoring of them, to help them launch a listing duly.