Baotou boosts stock market listings of local businesses

From the start of the year, Baotou city has vigorously implemented plans by North China's Inner Mongolia autonomous region to promote local corporate listing services, focusing on expanding the number of company share market listings.

Already progress has been made. Currently, Tianhe Magnetic Materials Co is in line for a listing review by the securities regulatory department and Inst Magnetics New Material Co has passed listing guidance and acceptance and has applied for a listing on the Shenzhen Stock Exchange GEM.

Elsewhere, Inner Mongolia Qishi Dairy Group Co has passed listing guidance and acceptance and applied for a listing on the Beijing Stock Exchange and Beichen Feed Co was listed on the national share transfer system for small and medium enterprises in mid-August. Saibei Joint Stock Co entered the listing guidance period in early August and plans to apply for a listing on the Beijing Stock Exchange through guidance and acceptance within the year.

This year, the Baotou municipal finance office has launched a number of measures to steadily expand the listings of enterprises. It has frequently organized consulting groups – such as China International Trust and Investment Corporation Securities, as well as China International Capital Co – to conduct in-depth research and visits to the candidates to assist them in solving difficulties and problems encountered in production and operations.

In addition, the city has screened and identified a number of high-quality companies, further consolidating a reserve of companies for potential listings.