Business environment streamlined to help enterprises go public
A view of Hefei National High-tech Industry Development Zone. [Photo/WeChat ID: hefeigaoxinfabu]
Hefei city in Anhui has optimized the process of handling certificates involved in the listing process of enterprises, to make it more convenient for them to go public and raise capital as of April this year. A total of 49 information reports have been issued for 30 enterprises to be listed so far.
"Now, we only need to apply to one department online and get the credit report in three days, which has significantly shortened the process and time involved in the pre-listing work for enterprises," said an official with Hefei IC Valley Microelectronics Co Ltd on Nov 28.
In recent years, Anhui has continued to carry out business training initiatives to optimize the local business environment.
"As the first locally grown listed semiconductor company, the help and support given by the government has been of great help," said Cheng Zhuo, chairman of Circuit Fabology Microelectronics Equipment Co Ltd.
"When the policy related to the STAR market first came out, we received special training support from the government. In April 2021, our company went public and entered a new stage of development," added Cheng.
As of November, there are 159 listed companies in Anhui, ranking it ninth in the country.