Chinese stock exchanges set up offices in Huairou Science City

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The Shenzhen Stock Exchange and the Shanghai Stock Exchange opened up offices in Beijing's Huairou Science City on Tuesday to help companies there to go public.

Located in northeast Beijing, Huairou Science City is approximately 50 kilometers from the city's downtown area. With a planned area of 100.9 square kilometers, it is committed to creating a world-class hub for original innovation.

According to cooperation agreements, the stock exchange offices and the hub will cooperate in establishing information sharing mechanisms, helping companies to go public, supervising listed companies, and organizing staff trainings and exchanges. The offices will also help Huairou district to improve its service system for helping companies go public and establish a database of companies with potentials for going public.

Wang Peng, head of the district's financial services office, said that Huairou Science City has attracted a group of excellent high-tech companies. Recently, a research institute, a scientific instrument manufacturer, a high-tech park, and other innovative market players also joined in.

Wang said he expects more companies to come as the hub improves the innovation ecosystem by accelerating the development of leading companies and "hidden champion" companies, as well as by introducing incubators and application-oriented research institutions.

So far, 604 high-tech companies have set up headquarters or offices in the science city.

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