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NW.China Xinjiang steps up efforts to facilitate capital market dev.

June 30, 2020


Abstract : The local authority in northwest China's Xinjiang Uygur Autonomous Region recently unveiled 19 measures to promote the construction of a multi-level capital market in the region and facilitate local enterprises to go public, reported Xinhua-run cnstock.com Monday.

BEIJING, June 30 (Xinhua) –The local authority in northwest China's Xinjiang Uygur Autonomous Region recently unveiled 19 measures to promote the construction of a multi-level capital market in the region and facilitate local enterprises to go public, reported Xinhua-run cnstock.com Monday.

While cultivating enterprises in various sectors that apply for listing, Xinjiang will orderly develop equity financing, expand convertible bond financing, and promote the registration and trusteeship of unlisted joint stock limited companies, said the measures.

Relevant departments in Xinjiang will support to-be-listed enterprises in terms of allocating bonuses and subsidy funds, meeting land demand, implementing testing concessions, reducing operating costs, protecting intellectual property rights, and unblocking the flow of state-owned assets.

Xinjiang will encourage listed companies and new third board-listed companies to integrate resources, standardize corporate governance, and strengthen risk prevention and control, so as to maintain the stable development of Xinjiang's capital market.

Xinjiang is committed to improving the leading institutions for the cultivation and listing of enterprises, assigning specific leaders to provide one-to-one listing guidance and assistance to the to-be-listed enterprises that have obtained the registration confirmation of the relevant departments.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: listed-companies capital market finacial

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