Shanxi Comprehensive Reform: Intensify Efforts To Support Enterprises Listing

Shanxi will increase its support for listing and strive to double the number of Listed Companies in 12th Five-Year.

The Forum on supervision and development of securities and futures in Shanxi was held in March 24th. Shen Zhijie, director of Shanxi securities regulatory bureau, said at the meeting that in 12th Five-Year, the number of listed companies striving to be doubled in Shanxi was doubled than that at the end of 11th Five-Year. Niu Renliang, vice governor of the Shanxi provincial government, said in a speech at the symposium that the comprehensive reform of Shanxi province will be "preferential policy" which has never been established since the founding of new China. The overall plan for the comprehensive reform is expected to be submitted to the State Council in June.

Niu Renliang said that Shanxi will further increase its support for the listing of enterprises. In the near future, it will introduce land preferential policies for listed companies and financial incentives for newly listed enterprises.

In the Shanxi Comprehensive reform On the issue of the pilot area, Niu Renliang said that Shanxi will receive "omnidirectional policy concessions" that have never been seen since the founding of new China. Besides a series of preferential policies such as policies, funds, taxes, land and finance, it is expected that Shanxi will also learn from and transplant the advanced experience of the first 8 pilot areas. At present, the Shanxi provincial development and Reform Commission is communicating with relevant ministries and commissions of the state. It is expected that the overall plan for June will be submitted to the State Council. Shanxi province's national resource-based economic transformation comprehensive supporting reform pilot area was approved at the end of last year. Shanxi province has become the ninth comprehensive reform pilot area established in China. It is also the first province wide, comprehensive and systematic national comprehensive reform pilot area in China.

Shen Zhijie introduced at the meeting that in 2010, the Shanxi provincial government accumulated 35 billion 1 million yuan from the capital market for the whole year, adding 4 A share listed companies, and achieved a zero breakthrough in the small and medium sized boards and gem, successfully completing the goals of the total amount of financing raised by the beginning of the year and the number of Listed Companies in the "Three Guarantees five Contention".

Shen Zhijie said that in 2011, as the opening year of "12th Five-Year", the task of Shanxi's capital market was to add 3 new listed companies to 5 in the year, and to realize direct financing to ensure 30 billion yuan and strive for 50 billion yuan. During the "12th Five-Year" period, the number of listed companies was doubled, reaching more than 60 at the end of 11th Five-Year, and the amount of direct financing from the capital market reached 300 billion yuan. Among them, equity financing is 100 billion yuan, bond financing is 200 billion yuan, and the total investment is 1 trillion yuan, so as to cultivate 5-10 listed companies with a market value of over 100 billion yuan.

Li Yongping, deputy director of the Shanxi provincial development and Reform Commission, said there were 11 listed companies in Shanxi's securities regulatory bureau, and 3 had been reported to the China Securities Regulatory Commission for approval. The benign situation of "a batch of reserves, a batch of nurseries, a batch of counselling, a batch of approval and a number of listed companies" has basically taken shape.

Li Yongping also said that Shanxi will expand the bond market in 2011. financing Scale, encourage enterprises to use capital financing and promote asset securitization to promote the development of capital market. Striving to achieve Shuozhou, Yangquan and the rest of the year. Linfen Local listed companies such as zero breakthrough.