Taizhou boosts direct financial support for local businesses

The Taizhou financial regulatory bureau, along with the Jiangsu Equity Exchange Taizhou branch and banks, recently visited two local companies – in Taizhou city, located in East China's Jiangsu province – to offer them direct financial services.

During the initiative, the visitors addressed the financial needs of the companies.

For Guangming Electronic Materials Co Ltd, they recommended suitable financial products and arranged meetings with the banks for financing.

At Jiangsu Ruichang Composite Material Co Ltd, they discussed the city's 10 new measures for stock market listings – to support the company's potential entry into the capital market.

Last year, similar efforts by the bureau and the equity exchange helped 19 tech firms to attract 1.73 billion yuan ($239.7 million) in equity investments.

Moving forwards, plans are for more support for companies in financing, market expansion and capital operations.