Luohu propels third consumer brand to HKEX in four months

In a strong testament to its effective corporate cultivation strategy, Bama Tea officially debuted on the Hong Kong Stock Exchange (HKEX) on Friday under the stock code 6980.HK. This marks the third consumer-focused enterprise from Shenzhen's Luohu district to go public in Hong Kong since June, following the successful listings of Zhou Liu Fu and Hipine.

The milestone further cements Luohu's pivotal role in Shenzhen's financial ecosystem. Notably, Luohu-based companies account for half of all Shenzhen firms that have pursued HKEX listings this year.

Driving this consistent success is Luohu's comprehensive and systematic enterprise cultivation model. The district government has established an interconnected three-tier corporate database, linking three key categories — potential enterprises, specialized and sophisticated firms producing unique and novel products, and IPO candidates. The system currently encompasses around 700 high-potential innovative firms, nearly 300 prospective specialized and sophisticated enterprises, and 110 companies preparing for listing.

This framework functions as a precise "corporate growth map," enabling the government to shift from broad-based assistance to targeted, stage-specific support, ensuring that resources are deployed with maximum efficiency.

A hallmark of Luohu's approach is its tailored policy support across different development stages. For startups, the district offers affordable office space and favorable business conditions. As companies enter their growth phase, they receive backing for technological innovation and market expansion. When firms advance to the IPO stage, Luohu provides a dedicated listing service mechanism, delivering personalized guidance to help enterprises address complex listing procedures and challenges with precision and confidence.