Huangpu successful in helping enterprises go public

Guangzhou's Huangpu district has made remarkable achievements in helping local enterprises go public, enhancing the capability of financial services to serve the real economy.

Currently, the district is home to 61 enterprises worth more than 1 trillion yuan ($149 billion). An additional 25 enterprises have applied for listing or are undergoing pre-listing tutoring.

The number of listed enterprises in Huangpu accounts for one third of that in Guangzhou.

Such achievements are a result of a comprehensive financial policy system, a high-quality venture investment ecosystem, a facilitated availability of loans, and an innovative financial service mode. As of September, local enterprises had obtained more than 200 billion yuan in loans from banks, while the amount of IPO financing and refinancing had reached 160 billion yuan.

The government has also screened out seeded enterprises, as well as assisted them to solve difficulties in land resources, project promotion, and financing. Incentives have been enhanced for the listing of enterprises, with the maximum reward for green enterprises reaching 8 million yuan. In the past three years, Huangpu has supported nearly 100 projects with more than 90 million yuan in rewards and subsidies.

An expert panel of listed enterprises sponsors, senior venture capital experts, and professional agents has been established to provide consultation services, while friend circles have formed among indusial peers for exchanges.  

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