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Ningbo enterprises progress steadily in stock markets
2020-02-07Text Size: A A A

Following the listing of Kwung’s Holdings at SEHK in early January, a piece of good news about Ningbo enterprises has caught people’s eyes. On the morning of February 6, Bull Group was listed on the main board of the Shanghai Stock Exchange, becoming the 100th Ningbo company listed home or abroad. In recent years, Ningbo has been making efforts to improve policy leading, platform building and element aggregating, and to promote the listing of high-quality enterprises. At present, Ningbo has 81 companies listed in the A-share Market, ranking No.8 in all cities in China. By the end of 2019, the total market value of listed companies in the stock markets home and abroad has exceeded one trillion yuan.

In recent years, Ningbo Municipal Party Committee and Ningbo Municipal Government have attached great importance to the listing work of local enterprises, making it a part of the “six fighting, three-year climbing” action, and an important starting point of the “246” billion-level industrial cluster construction of the “225” double-trillion foreign trade action. In implementing the Ningbo version of “Phoenix Action”, all the districts and counties of Ningbo have actively introduced supporting policies, the related municipal-level departments have taken the initiative to contact the Shanghai Stock Exchange, and Ningbo Securities Regulatory Commission has carried out both supervision and services, leading to the listing of local enterprises in the STAR Market. So far, two companies in Ningbo have been listed in the STAR Market and one has applied for listing, and there are now 43 high-tech enterprises or sci-tech innovative enterprises listed in the “sci-tech innovation board” of Ningbo Equity Exchange.

Orient Cable has made great breakthroughs in the submarine cable technology,   Peace Bird has expanded its share of online sales, and Novel Optics has won a national Science and Technology Invention Award with its ultra-resolution micro-imaging technology. With the help of the capital market platforms, the listed companies in Ningbo have increased their innovation efforts, and made great progress in transformation and upgrading by improving their competitiveness with  the promotion of the “Internet plus”" strategy and the contact with the international markets. Data show that in the first three quarters of 2019, the total business income of the local listed companies in the A-share Market reached 281.37 billion yuan, up by 12.1% over the same period of the previous year, and the net profit reached 30 billion yuan, up by nearly 25%, with both growth rates higher than the national average.

In 2020, Ningbo will further strengthen its policy support and take advantage of such chances as the implementation of the new securities law, the pilot registration of the STAR Market and the Second Board, and the reform of the New OTC Market, to promote the listing and financing of more Ningbo enterprises in the stock markets home and abroad. “In 2020, we hope to have eight more listed companies, with the direct financing scale exceeding 100 billion yuan”, said a person in charge from Ningbo Financial Affairs Office.

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