Beijing's Xicheng district is now home to 47 listed companies, according to news from a listing-related information exchange meeting of companies in Xicheng district on Nov. 30.

The 47 listed companies include 14 of the world's top 500 companies and 20 of China's top 500 companies. Their total market value exceeds 14 trillion yuan, with total assets of over 125 trillion yuan. 

In China's A-share market, the number of listed companies in Xicheng district accounted for less than 1% but are worth more than 9% of the total market value, contributing nearly 30% of the net profit.

Xicheng district has increased its support of the overall upgrading of its services and related policies. Since rolling out a set of measures to encourage and promote the listing of companies within its jurisdiction, the district has distributed a total of 186 million yuan among 98 listed companies as fiscal incentives.

The district government has also improved cooperation mechanisms, facilitating major exchanges, and providing guidance for companies in branding, training, and roadshow promotion. Moreover, it has also broadened cooperation with regional security companies and other professional service and investment institutions.

At the exchange meeting, in order to strengthen corporation and improve listing services, Beijing Financial Street Service Bureau signed a joint contract with six regional security firms, namely, UBS Securities, Galaxy Securities, China Development Bank Securities, Huarong Securities, Cinda Securities, and Dongxing Securities.

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