The Ningbo Equity Exchange has emerged as a significant platform incubating listed enterprises in East China's Zhejiang province.

As of the end of 2020, a total of 2,625 businesses were listed or displayed on the equity market. The exchange had raised over 10 billion yuan ($1.54 billion) for more than 300 enterprises, and was ranked first among regional equity markets nationwide in terms of the number of listed enterprises.

Founded in 2016, Ningbo Equity Exchange has to date fostered 27 companies listed on the over-the-counter (OTC) market and 28 candidates that are preparing to make initial public offerings, official statistics show. 

Earlier this year, Ningbo was designated a pilot zone for regional equity market innovation by the the China Securities Regulatory Commission, the country's top securities regulator.

Ningbo is set to leverage opportunities generated by this status and sustain efforts in helping local enterprises gain entry into capital markets of higher level, noted a head official from the Ningbo financial supervision bureau.

This year, the city aims to increase the number of listed companies on the Ningbo Equity Exchange to 450, including 200 with an annual revenue of over 20 million yuan and 100 with an annual revenue of more than 50 million yuan.