Zhejiang Shoe Leather Enterprises: Great Gains From Trial Water Capital Market

Reporters recently learned from the Zhejiang Securities Regulatory Commission, through the capital market financing platform and resource allocation advantages, Zhejiang enterprises in the past 15 years, using domestic and foreign capital markets totaled 100 billion 108 million yuan, control social quality assets of about about 500000000000 Yuan.

It can be said that the value and wealth of Zhejiang enterprises doubled in capital competition, showing the multiplier effect of capital market.

Zhejiang is a large private economy province, and its economic growth rate and marketization degree are among the fastest in the country.

It is understood that as of the end of 2007, there are nearly 55 enterprises in Zhejiang and 154 listed companies both inside and outside the country.

In 2007 alone, 29 new listed companies were listed and the amount of financing was up to 41 billion 326 million yuan, equivalent to 2/3 of the total financing of Zhejiang Province in the previous 14 years.

The listing of enterprises not only greatly promotes the development of Zhejiang's economy, but also expands the value and wealth of enterprises and enhances the competitiveness of enterprises.

"In the past, enterprise development depended on opportunity and diligence. What we did was to add, and after entering the capital market, we did multiplication."

Wang Baotong, director of the Zhejiang securities regulatory bureau, said, "a large number of Zhejiang enterprises have successfully introduced the modern enterprise system through capital market financing and resource allocation, and pferred from simple product operation to capital management, and started to internationalize enterprises from regional enterprises."

Wenzhou is the birthplace of China's private economy. It has the advantage of monopolization in the whole country in terms of leather, clothing, spectacles, low voltage electrical appliances and so on.

Worries about the future growth of enterprises have led to a large number of Wenzhou enterprises competing for listing, and have repeatedly refreshed their wealth miracle.

It is understood that Wenzhou's wedding bird clothing Limited by Share Ltd listed on the Shenzhen Stock Exchange on the same day, the total market value rose from 1 billion 200 million yuan to 4 billion 320 million yuan.