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Local Governments Encourage IPOs With Cash

CHINA PRESS
MNI (Singapore)

Local governments including Henan, Sichuan and Anhui province have proposed cash rewards up to CNY40 million for companies to list publically to drive regional economic development with greater output value, tax revenue and employment contributions. As of Dec 6, 296 companies have listed in the A-share market during the year, raising CNY345.5 billion. Jiangsu province has the largest number of IPOs at 55, followed by 47 in Guangdong and 41 in Zhejiang. (Source: Securities Daily)

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