Chinese SMEs urged to go public
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China's Shenzhen Stock Exchange will continue to promote the development of its small- and medium-enterprise board and the ChiNext board, said Zhou Ming, deputy general manager of the stock exchange, on Wednesday.
Local governments and SMEs should "grasp this opportunity" and step up their efforts to become listed, as the domestic capital market has been supporting the SMEs' financing plans with "intensified efforts" this year, Zhou said.
Since the establishment of the SME board in June 2004, 486 companies have been added to the board. This year, there have been 159 initial public offerings, which raised 111.7 billion yuan.
China's Nasdaq-like ChiNext was launched last year. Since then, 130 companies have gone public on the board with an average fundraising volume of 730 million yuan.
China's business press carried the story above on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.
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