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Hailing district boosts grants for companies to list shares

etaizhou.gov.cn|Updated: August 25, 2023


Manufacturer Haiyang Technology Co Ltd is preparing for go for a share market listing. [Photo/WeChat account: weihailing0523]

The Hailing district in Taizhou city, in East China's Jiangsu province, recently revised its polices to support the share market listings – called initial public offerings or IPOs – of resident enterprises, raising standard grants and optimizing financial services for them.

Under the new guideline, the biggest highlight is the increase in the amount of grants.

The grant for enterprises listing on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange has been raised from 4 million yuan ($549,088) to 6 million yuan.

Moreover, the grant for an overseas listing has been increased from 4 million yuan to 5 million yuan. The amount for listing on the Beijing Stock Exchange has increased from 3 million yuan to 3.8 million yuan.

The guideline has also raised the upper limit of equity financing grants for listed enterprises, going from the standard 500,000 yuan to 1 million yuan.

Looking ahead, the district would identify companies with the intention of doing an IPO and provide special services to help with their listing, said Zhang Juan, deputy director of Hailing's financial supervision authority.

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