Shanxi's specialized, refined, and innovative company board set to launch

The China Securities Regulatory Commission and the Ministry of Industry and Information Technology jointly released the third batch of regional equity market lists for the specialized, refined, and innovative company board on Dec 1, with the Shanxi Equity Exchange Center making the cut.

This marks the imminent launch of Shanxi's specialized, refined, and innovative company board, signifying a significant milestone in the province's capital market reform and innovation efforts.

The province will further facilitate the listing and financing channels for specialized, refined, and innovative enterprises, providing robust support for the revitalization and upgrading of the manufacturing industry and the construction of a modern industrial system.

The specialized, refined, and innovative company board establishes a gradient incubation system tailored to different stages of enterprise development, including an incubation stage, standard stage, and cultivation stage.

Upon listing, participating enterprises will receive comprehensive services including management support, consultancy, training, policy coordination, as well as equity, bond, and credit financing services.

Using the connectivity mechanisms of the third and fourth boards and various exchanges' Shanxi service bases, the board will create a fast track for specialized, refined, and innovative enterprises to go public, forming a provincial "listing reservoir" for companies.

Currently, the province boasts 2,903 specialized, refined, and innovative enterprises at or above the provincial level, including 132 national-level small giant companies and 18 champion manufacturing enterprises.

According to data, the Shanxi Equity Exchange Center has facilitated the listing of 732 specialized, refined, and innovative enterprises on regional equity markets and helped two successfully list on the Beijing Stock Exchange, making the enterprises raise a total of 27.82 billion yuan ($3.83 billion) in financing.