The management, shareholders and guests of ECARX Holdings attend a ceremony to ring the opening bell at Nasdaq in New York City, the United States, on Dec. 21, 2022. (Xinhua/Liu Yanan)
BEIJING, July 29 (Xinhua) -- Chinese enterprises have demonstrated rising enthusiasm for overseas listing and the U.S. stock exchange Nasdaq turned out to be an important choice, China Securities Journal reported on Sunday.
As of June, a total of 3,341 companies have listed their shares on Nasdaq with a total market capitalization of 25.91 trillion U.S. dollars (approximately 187.89 trillion yuan). Among them, 245 Chinese companies floated their shares on Nasdaq, with a total market cap of 497.4 billion U.S. dollars (nearly 3.61 trillion yuan), according to Chris Hao, China Chief Representative of Nasdaq.
Going public overseas helps expand Chinese companies' financing channels and enhance their international influence and competitiveness, said an official of the enterprise service bureau of Bao'an District in Shenzhen.
To support companies in entering overseas market, local authorities in Bao'an District have formulated a series of policies, including listing incentives, optimizing the business environment, holding investment and financing roadshows, as well as supply and demand docking event.
Shenzhen has a large number of high-quality small- and medium-sized enterprises (SMEs), including special and sophisticated SMEs, which have great potential and space for growth in the capital market, said the head of SME service center of Shenzhen Stock Exchange.
In the future, under the guidance of the Shenzhen Securities Regulatory Bureau, SME service center of the bourse will strengthen publicity guidance and provide comprehensive services for companies to enter both domestic and international capital markets.
(Edited by Tian Shenyoujia with Xinhua Silk Road, tianshenyoga0524@163.com)
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