Guangzhou's Huangpu district hosted a high-end capital market summit on Dec 23 and 24 to promote the high-quality development of local listed enterprises.
Representatives of listed enterprises or those preparing for listing, industrial experts, as well as representatives of investment institutions attended the event.
A roundtable conference of the high-end capital market summit.
The local financial authority released the Action Plan for Huangpu to Promote the High-quality Development of Listed Enterprises. According to the plan, the proportion of listed enterprises will be further increased by 2022, and that the district will be home to 50 select reserved listing enterprises.
In addition, the proportion of the high-technology and strategic emerging listed enterprises will account for more than 90 percent of the newly listed enterprises, of which there will be more than 20 listed enterprises with a market value of more than 10 billion yuan ($1.5 billion).
To date, Huangpu is home to 62 listed enterprises with a total market value of more than 1 trillion yuan. The number ranked first in both Guangzhou and among national economic and technological development zones. Nearly 30 enterprises are applying for listing or going through pre-listing tutoring.
As of late November, the number of local enterprises listed on the science and technology innovation board ranked fifth among domestic districts and counties.