The 21 Provinces Have Set Up "Small Targets" For Listing Enterprises, And Have Introduced Policies To Support Them. Do You Have Your Hometown?

Recently, Guangzhou proposed to promote 30 companies in 3 years. The new China Jingwei client noted that in recent years, many policies have been launched to support the listing of enterprises. In some areas, the "doubling plan" of listed companies is called "Phoenix action", "Yingshan red action", "Longmen plan" and "Jiaozi star". The snatch of capital market opportunities is becoming more and more intense.

21 provinces set goals

The number of A shares listed in the enterprise largely reflects the development level of a regional capital market. At present, the difference between the number of listed companies is very obvious. According to WIND data, as of October 18th, the total number of A share listed companies was 3693. Among them, Guangdong, Zhejiang and Jiangsu rank the top three, 603, 447 and 417 respectively, accounting for 39.72%. Henan, Liaoning, Hebei and other 20 provinces did not break through 100.

According to the incomplete statistics of the Sino Singapore Jingwei client, in recent years, 21 provinces have formulated the target of enterprises' listing or listed enterprises' resource pool.

Shanghai: in July 2019, Shanghai issued the "Shanghai intelligent manufacturing action plan (2019 - 2021)" by the letter Commission, and proposed to cultivate 10 listed companies of science and technology innovation board in 2021.

Guangdong: in August 2017, the Guangdong provincial science and Technology Department issued the special action plan for promoting the listing of scientific and technological enterprises in Guangdong. It was proposed that by the end of 2020, the number of scientific and technological enterprises listed in the main board, small board and gem would exceed 450.

Guangdong's two first tier cities, Guangzhou and Shenzhen, also put forward the targets of listed companies or listed companies.

In October 15th this year, the Guangzhou local financial supervision and Administration Bureau issued the "Implementation Opinions on speeding up the listing of enterprises", and proposed that 3 years should be used to promote 30 new and new listed companies inside and outside the territory. Among them, 20 new companies listed on Shenzhen Stock Exchange and Shenzhen Stock Exchange.

In July 31st last year, Wang Weizhong, Secretary of the Shenzhen municipal Party committee, said at the promotion meeting of Shenzhen listed companies, we need to further enhance the capability of financial services in the real economy, and let Shenzhen become the fertile ground for developing and listing the high quality development of enterprises. A number of enterprises with good market prospects, high comprehensive efficiency and strong core competitiveness will be brought into the listed resource pool, and more than 1000 enterprises will be listed and registered in 2020.

Zhejiang: in September 2017, Zhejiang issued the notice to promote the listing and merger and reorganization of the Phoenix action plan.

"Phoenix action" proposed that by 2020, the number of Listed Companies in Zhejiang will reach 700.

In 2018, the government's work report of Zhejiang put forward that we should comprehensively promote the transformation and upgrading of the market players, and thoroughly implement the "Phoenix action" plan of enterprises listing and merger and reorganization, and strive to reach 1000 domestic and foreign listed companies in 2022.

Jiangsu: in June 2017, Jiangsu issued the implementation opinions on actively and steadily reducing the leverage ratio of enterprises. It was put forward that by 2020, there were more than 550 listed companies both inside and outside the province.

Shandong: in July 2018, Shandong issued a number of opinions on the further application of capital markets to boost the transformation of new and old kinetic energy in the province. The total number of Listed Companies in the province exceeded 400 by 2020.

In September of the same year, the Shandong modern financial industry development plan (2018-2022 years) was issued to promote the leading enterprises in the "top ten" industry, the "four new" enterprises and technology enterprises to list on the domestic and foreign capital markets. By the end of 2022, there were more than 100 listed companies in the province.

Sichuan: in April 2017, relevant officials of Sichuan Financial Work Bureau said that the shortage of IPO reserve enterprises is the biggest problem facing the development of Sichuan's capital market. Through the restructuring of enterprises and financial subsidies, there will be 5000 stores in 2020.

As the total number of listed companies ranked the first in the Midwest of Chengdu, in May this year issued "Chengdu jiaozi star" economic securitization doubled action plan, put forward by 2022, the number of new listed companies doubled, the total number of listed companies inside and outside the total of 140.

Anhui: Anhui's "13th Five-Year" financial industry development plan put forward that by the end of 2020, the number of listed companies on Shanghai Shenzhen and Hong Kong stock exchanges will strive to reach 200. By the end of 2020, we will strive to reach 3000 listed companies in the province.

Hubei: in April 2018, Hubei issued the "opinions on further promoting the listing of enterprises", and proposed that by the end of 2022, by the end of 5 years, the total number of listed companies would reach 200 or so, and the number of listed companies would be doubled.

In August 2018, Wuhan passed the "Implementation Opinions on speeding up the listing of enterprises", and proposed to strive to promote the total number of listed companies within and outside the country to 130 or so in 3 years, so as to achieve a doubling of the number of listed companies.

Hunan: in January 2017, Hunan issued the "financial development plan for 13th Five-Year" in Hunan province. It proposed that by the end of 13th Five-Year, more than 30 listed companies inside and outside the territory would be added, and more than 2 listed financial companies would be added.

Fujian: in April 2016, Fujian issued the "special plan for the development of financial industry in 13th Five-Year" of Fujian province. It proposed that by the end of 2020, during 13th Five-Year, we would strive to add 80 new and domestic listed companies in the province and 230 new listed company.

Shaanxi: in August 2019, Shaanxi launched the three year action plan to promote the listing of enterprises (2019 - 2021), which put forward 30 new listed companies by the end of 2021, and at least 15 new Xi'an cities.

In August 2018, Xi'an issued the "Longmen action" plan to promote the listing and merger and acquisition of enterprises (2018 to 2021), and proposed that by 2021, the number of listed enterprises in the whole city will reach 100, of which 60% of the number of private listed enterprises will be more than 60%; the "three new board" listed companies will reach 300; the listed companies will be listed on the stock market, and the Xi'an legion of listed companies will be established.

Chongqing's action plan to enhance the level of securitisation (2018 to 2022) screenshots

Chongqing: in August 2018, Chongqing issued the action plan for raising the level of securitisation (2018 - 2022), and proposed that by the end of 2022, the number of listed companies inside and outside the country would be doubled. The number of listed companies within and outside the country increased by 70, reaching 140, with 100 new IPO reporting companies, 200 newly added guidance and record companies, and 350 new stock reform companies with the goal of listing.

Jiangxi: in April 2018, Jiangxi issued the "measures to speed up the listing of enterprises", and put forward the implementation of the "Yingshan red action" on the listing of enterprises, and strive to achieve a doubling of the number of listed companies inside and outside the province by the end of 2017 in 2020, with a total number of 120 or more.

Guangxi: according to the "Guangxi daily" reported on June 3, 2018, Guangxi proposed that by the end of 2020, more than 50 listed companies would be listed in the region, with more than 50 listed companies.

Shanxi: Shanxi's "13th Five-Year" financial development plan put forward that by 2020, the number of companies listed on the main board, medium and small boards, gem and "new three boards" will strive to break through 420.

Yunnan: in January 2019, Yunnan released the action plan to promote the listing of enterprises for three years (2019 to 2021). It was proposed that by 2021, the number of Listed Companies in the province could be doubled to 70 or more, among which 14 more new state-owned listed companies were listed in the province and 10 more in Kunming, and 2 more in Qujing, Yuxi, Honghe and Dali respectively; 1 more in Zhaotong, Baoshan, Chuxiong, Wenshan, Puer and Lincang.

Gansu: in 2014, Gansu issued the "guiding opinions on accelerating the development of multi-level capital markets". It proposed that by the end of 2020, the number of Listed Companies in the province's domestic and foreign markets would reach 50, and the share transfer system of the small and medium-sized enterprises in China would be listed more than 50.

Guizhou: in 2017, Guizhou issued the "opinions on giving full play to the role of multi-level capital market in helping to tackle poverty alleviation". It put forward the launching of the "100 thousand action plan" for enterprises listing, and striving to add more than 100 listed companies in the domestic and foreign capital markets and new three boards during the "13th Five-Year" period.

Inner Mongolia: in July 2018, Inner Mongolia issued the "implementation plan for promoting the listing of listed companies for three years (2018 to 2020)". By the end of 2020, it would strive to add 10 enterprises in the guidance period and 4 enterprises to be listed.

Ningxia: in May 2019, Ningxia issued a number of policies and measures to further support the development of listed companies, and strive to reach 26 by 5 years.

Qinghai: according to the "West Sea Metropolis Daily", Qinghai has proposed to strive for the listing of enterprises listed on the whole province (including backdoor) and new three board enterprises at the end of 13th Five-Year. The number of listed companies has reached 25, of which 13 are listed companies (for overseas listing to strive for a breakthrough of zero), and three new listed companies have reached 12.

In addition, some provinces mentioned the encouragement of listing in the planning, but there is no clear goal.

For example, Liaoning's opinions on further supporting the development of listed companies will not only support the reduction of listing costs, increase financing support and give land support, but also give real gold and silver to Liaoning listed companies. Beijing put forward eight measures to strengthen listed capital subsidies, support, encourage and guide social capital to participate in the development of listed companies, and promote the development of listed companies.

Why is the government so enthusiastic about the listing of enterprises? There are several reasons for WeChat government's "Zheng Zhi Jian" reported earlier. Most notably, the government has three objectives, namely, employment, public services and economic growth.

On the one hand, the listed companies have a great role in promoting the local employment and economic growth. The high tax revenue also provides a guarantee for the realization of the public functions of the government. On the other hand, when the company is listed, it will greatly help expand local reputation and expand the "circle of friends" and further boost the local economy.

The report also pointed out that there has been controversy over whether the government should support the listing of enterprises and subsidize listed companies.

Some experts believe that the financial subsidies of listed companies have become normal, but it can not be overlooked that some listed companies have already suffered from the "subsidy dependency syndrome" and can not grow up healthily.