WEDZ shines in golden, silver seed company evaluations

Dongfeng, ECARX and 15 other enterprises based in the Wuhan Economic & Technological Development Zone (WEDZ) have been selected as golden seed enterprises, while another 24 local companies have made the silver seed enterprise list on Dec 20.

The golden and silver seed enterprise assessment targets corporations in Wuhan that are preparing to get listed on a national stock exchange platform. 

On Nov 27, Wuhan decided to grant a reward of 200,000 yuan ($28,680) to enterprises having made the two lists.

WEDZ companies on the two lists span many industries and businesses. Dongfeng, for example, took the lead in China to form the most complete automotive product line and business chain. It has rendered its products and services to more than 100 countries and regions around the globe.

The zone has been devoted to cultivating the real economy, and has offered incentives of up to 8 million yuan to support local companies that have listed in the Beijing, Shenzhen or Shanghai stock exchanges for the first time. In addition, overseas and domestic listed enterprises moving into the zone will also get subsidies ranging from 6 to 8 million yuan.

So far, the zone has registered nine listed corporations.