North China's Shanxi province recently rolled out an ambitious plan to increase the number of stock market-listed companies. 

The idea is to boost the number of home-grown companies to go for a share market listing, or attract already listed companies to the region, whose operations will be based there or who will have representative offices and investment in the province.

The target is to have an additional 80 listed domestic and foreign-listed enterprises operating in Shanxi by the end of 2025. 

Under the plan, Shanxi will promote a standardized shareholding system for its resident enterprises, to help pave the way for listing applications. 

It will also include top companies and those already listed on the National Equities Exchange and Quotations – that comply with national industry and green policies and have sustainable profit models – into a special development plan. 

That plan is a provincial-level listed reserve enterprise resource bank. Every year, more than 30 companies will be selected from the bank to be given key support. 

The province will provide financial subsidies to enterprises, to use capital markets for their development. For example, companies listed on the National Equities Exchange and Quotations will each be given a development grant of 1 million yuan ($154,944). 

Enterprises that are listed on the Shanghai and Shenzhen stock exchanges and relocate their registrations to Shanxi, as well as A-share listed companies that move to Shanxi, will be rewarded with 3 million yuan. 

Companies whose registered abode or business entity is located in Shanxi – and which are listed on the Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq and London Stock Exchange and with raised funds mainly invested in Shanxi – will get a maximum financing grant of 2 million yuan.