Ride Market Trends and Seize Market Opportunities: Joint Efforts of Government and Enterprises to Accelerate Corporate Listing
Reporters: Li Bojian, Jiang Liben
On the morning of May 27, Jin Jinfu, Secretary of the Municipal Party Committee, led officials from the Bureau of Economy and Information, Finance Bureau, Tax Service Bureau, Financial Development and Service Center and other departments to conduct a special research visit on key enterprises preparing for IPO. He stressed that we should thoroughly implement General Secretary Xi Jinping’s important expositions on financial work, firmly uphold the philosophy that no amount of attention and support for corporate listing can be excessive, push forward the Phoenix Initiative with greater intensity, strive for new breakthroughs in listing work, and inject strong momentum into the high-quality development of Zhuji. Chen Wenjin, Vice Mayor, took part in the research.
"What was your output value last year?" "How about your profit?" Jin Jinfu visited Ju Ma Cultural Tourism Co., Ltd., Chuangge Technology Co., Ltd., Ante Magnetic Materials Co., Ltd. and Zhejiang Weihuan Machinery Manufacturing Co., Ltd. successively. He held in-depth exchanges with corporate executives to learn about their production, operation, development plans, scientific and technological innovations, inquired about their listing schedules as well as existing difficulties and challenges with sincere concern. He encouraged enterprises to seize market opportunities, stay determined to pursue IPOs, further increase R&D investment and standardize corporate management. Enterprises should strive to strengthen core businesses, refine products and optimize unique advantages, continuously boost product market share and core competitiveness, and fully speed up their listing process.
During the research, Jin Jinfu emphasized that IPOs act as a barometer reflecting local economic strength and business environment, and serve as a vital channel driving enterprises toward high-quality development. Relevant departments at all levels shall deliver proactive, forward-looking services, promptly resolve difficulties encountered by enterprises in the listing process, follow the principle of non-interference in normal operations and full response to legitimate demands, and create a better ecosystem for corporate listing. Targeted guidance shall be provided for enterprises to consolidate internal capabilities. We should guide enterprises to maintain long-term aspirations and vision for century-long development, make advance plans for business succession, further standardize financial management, clarify listing directions and draw up well-planned schedules in advance, so as to foster a sound atmosphere where more enterprises aspire to, eagerly await and compete to launch IPOs.
Up to now, the city has 26 reserve enterprises for IPO, including 3 enterprises under listing counseling filing and 14 enterprises that have completed shareholding reform. Through the implementation of the Phoenix Initiative, the city aims to raise the total number of listed companies to 23 and their total market value to RMB 160 billion by the end of 2030.
