Xiamen paves road for stock market listings

The number of stock exchange listed companies from Xiamen has shot up to 47 from 2015, accounting for 35 percent of Fujian's total -- ranking its first in the province -- according to an official from the city's financial regulatory bureau.

In addition, Xiamen leads the province in terms of rewards and support for listing companies. The listing of companies under Xiamen's jurisdiction can be rewarded with a maximum of 4 million yuan ($578,750), and stock refinancings can also be rewarded with a maximum of 3 million yuan.

Officials estimated that a Xiamen enterprise can get a maximum incentive reward of 22.5 million yuan of municipal and district support funds to help with a listing. Since 2015, Xiamen has issued a total of 117 million yuan in listing support funds.

Xiamen also encourages its enterprises to get listed on the upcoming science and technology innovation board, as well as the A-share market.