Wenzhou Is Trying To Create An Atmosphere For Corporate Listing, Hoping To Drive The Tide Of Pformation With Famous Enterprises.

In 2009, the total GDP in Wenzhou ranked third in the whole province of Zhejiang, second only to Hangzhou and Ningbo, while the number of Listed Companies in Wenzhou ranked fourth in the 11 cities in Zhejiang.

Since the first public company was born in 1997, CHINT Electric is the sixth A share listed company in Wenzhou.

According to public information, the previous 5 listed enterprises in Wenzhou are Zhejiang East day, Huayi Electric appliances, Huafeng spandex, wedding bird and Mei Bang dress. Among them, the latter 3 enterprises are listed on the SME board.

Up to the end of last year, there were three main markets in the domestic main board, medium and small board and gem. In the same period, Zhejiang has 46 listed companies in Hangzhou, 27 in Ningbo, 22 in Shaoxing and 15 in Taizhou.

In 2010, before and after the launch of CHINT electric, the voice of Wenzhou's large private enterprises such as AOKANG, red dragonfly, people's appliances and so on appeared in the media.

Why are the brands that have accumulated for many years now listed?

In this regard, our reporter interviewed Lu Jin Ji, director of the listing Office of Wenzhou finance office.

Twenty-first Century: there is a view that Wenzhou's enterprises need not be listed, because private capital is abundant, and private lending is also very easy.

Lu Jin Ji: you are right. Wenzhou's private capital is indeed very abundant. Wenzhou's enterprises can raise money to solve the funds needed by the enterprises through the way of private lending. Moreover, for many high-quality enterprises in Wenzhou, banks are actively seeking loans from them. In this sense, Wenzhou enterprises can be said to be "not bad money".

But this "bad money" is relative. If an enterprise wants to expand its scale and wants to become a leader in the same industry, he will lose money.

Many private enterprises have not yet developed to that stage, and there is no longer long-term plan. They have not yet realized the necessity of listing, and lack the atmosphere of listing.

Twenty-first Century: maybe they lack guidance in this respect too?

Lu Jin Ji: in recent years, we have been making positive efforts.

The first is to create an atmosphere for enterprises to go public.

We have introduced some policies, including land and taxation, which are fully within the purview of local governments and will help enterprises to solve them.

Another is through training and publicity.

In Wenzhou, some basic knowledge publicity work is necessary.

Entrepreneurs are doing a good job. Of course, some entrepreneurs are already masters of capital operation, but quite a few people still have a conceptual understanding of the capital market.

We need to let them know what is capital market and how to make use of capital market.

It is mainly for enterprises to realize that the government's promotion of their listing is not a trouble for them, it is good for them.

Twenty-first Century: but after the launch of CHINT electric, many enterprises in Wenzhou are also ready to go public.

Lv Jinji: CHINT is the only one that we have listed on the main board in Zhejiang Province in the past two years. Its listing, on the one hand, has a great demonstration effect on Wenzhou enterprises. There are many enterprises in Liushi town. On the other hand, I think it has brought invisible pressure to other enterprises.

Wenzhou enterprises have a very strange phenomenon, that is, a lot of time to do things, if there is a business to do, other enterprises will follow.

Originally, everyone is not listed, after CHINT went public, many enterprises have been unable to sit still.

There are several major industrial clusters in Wenzhou, such as low-voltage electrical appliances, leather, clothing and so on. If one of these industries is listed, other enterprises will be under pressure.

Therefore, many enterprises in Wenzhou have changed from "listing" to "I want to go public".

In twenty-first Century: CHINT was also listed for several years.

There are also some other enterprises in Wenzhou. They cried out a few years ago.

Lu Jin Ji: many private enterprises in Wenzhou are family businesses. The internal governance structure is not very standard. If they want to go public, they must first become a joint-stock company. There are many things to be sorted out, which need a process.

Listing is also subject to many external influences, such as the SFC's request to slow down the listing work, or when the stock market is bad.

Twenty-first Century: did the government help them solve some practical problems?

Lu Jin Ji: we now have 3 batches of 57 listed companies.

In these enterprises, we select a number of key listed companies every year to visit.

They will sort out their difficulties and problems and try their best to solve them within the capacity of local governments.

Some enterprises that are about to go on the market will also provide a way for one enterprise and one strategy. Each enterprise is composed of leaders from various counties and cities to solve problems for them.

We have also built some platforms.

For example, we have established cooperation and cooperation with some exchanges.

This year, we signed a memorandum of understanding with the Shanghai Stock Exchange. They have many experiences not only in the listing policy and in the enterprise restructuring, but also in providing suggestions for the merger and reorganization of the listed companies.

At the beginning of this year, we specially visited the Hongkong stock exchange, because we will have enterprises to list in Hongkong.

There are also Shenzhen Stock Exchange and new stock exchange.

At the same time, we also set up a platform for enterprises and brokerages, accounting firms and law firms, and we will help them to bridge the companies according to which intermediary companies they need.