East China’s Jiangsu province has maintained a rapid and healthy development in the capital market since the beginning of this year, according to a news briefing jointly held on Thursday by the Provincial Local Financial Supervision Bureau and the Provincial Securities Regulatory Bureau.
In the first nine months of this year, 52 companies in Jiangsu went public, accounting for 18.94% of the national total. As of now, Jiangsu has recorded 682 listed companies, including 345 on the main board, 108 on the Science and Technology Innovation Board, 190 on the Growth Enterprise Board, and 35 on the Beijing Stock Exchange. The number of companies listed on the Growth Enterprise Board and the Beijing Stock Exchange ranks first in the country.
In the field of private equity funds, in the first half of the year, Jiangsu recorded 51.7 billion yuan in investment funds accepted by non-listed companies, ranking second in the country.
Recently, with the healthy development of the capital market, Jiangsu has been approved by the China Securities Regulatory Commission to carry out regional equity market system and business innovation pilot projects, making Jiangsu among the second batch of provinces in China to receive pilot approval after Zhejiang.
As a private equity market serving small and medium-sized enterprises in the province, regional equity market innovation pilot projects have been approved and implemented, which will further supplement the shortcomings of multi-level capital markets, guide capital factors to converge into the real economy, and assist Jiangsu-based enterprises in innovative development and local industrial upgrading.
