Ningbo “Outstanding Board” officially opens

In the afternoon of November 26, the Opening Ceremony of the Ningbo “Outstanding Board” of the Ningbo Equities Exchange and Quotations, organized by the Ningbo Municipal Economic and Information Technology Bureau, the Ningbo Municipal Finance Bureau, and the Ningbo Local Financial Supervision and Administration Bureau & Centralized Listing Ceremony of the First Batch of Enterprises was successfully held. Present at the activity, there were Hu Wangrong, Vice Secretary General of the Ningbo Municipal People’s Government, Xie Yuedi, Director of the Ningbo Local Financial Supervision and Administration Bureau, and Gu Xia, Deputy Director of the Ningbo Municipal Economic and Information Technology Bureau and so on. Representatives of economic and information technology departments in all counties and sub-cities (districts) in Ningbo, financial institutions, and outstanding enterprises as well as media journalists and reporters participated in the activity to witness the opening of the “Outstanding Board”.

With the sound of the bronze Gong, the Ningbo “Outstanding Board” officially opened. 135 outstanding enterprises were listed and displayed in this board, far exceeding the planned target of 100 to be listed earlier.

At the signing ceremony, the Ningbo Equities Exchange and Quotations signed cooperative agreements with the Ningbo Branch, China Construction Bank and Ningbo Branch, Shanghai Pudong Development Bank respectively, presenting special financial products valued 4 billion yuan for outstanding SMEs. So far, through capital empowerment, it has matched financing intention of 297 million yuan for 13 enterprises and credit of 90 million yuan for 3 enterprises.

The activity also connected the chief representative of the East China region of the National Equities Exchange and Quotations Co., Ltd. through video to bring the participants the latest interpretation of capital market information and help outstanding SMEs to understand and integrate into the capital market. Since the beginning of August, the Ningbo Municipal Economic and Information Technology Bureau has carried out many training programs, providing 30 “little giant” enterprises with valuation services and valuation reports, and has issued business plans to 10 “little giant” enterprises to provide data support for enterprises to introduce funds.

Outstanding enterprises focus on market segmentation, main business, have strong innovation ability and favorable growth, and are characterized by “specialization, refinement, characteristics and novelty”. In recent years, China has attached great importance to the cultivation and development of outstanding “little giants”, issued policies such as the Guiding Opinions on Accelerating the Cultivation and Development of High-quality Enterprises in the Manufacturing Industry, and regarded the cultivation of outstanding “little giants” as an important starting point for implementing the innovation-driven development strategy, promoting the innovative development of small and medium-sized enterprises, and improving the stability and competitiveness of the industrial chain and the supply chain. The List of Practical Work for Outstanding Small and Medium-sized Enterprises issued by the Office of the Leading Group for Promoting the Development of Small and Medium-sized Enterprises of the State Council proposes to promote the establishment of regional special outstanding boards in regional equity markets. The development of outstanding SMEs is facing great opportunities and has become the focus of the capital market. On November 15, the Beijing Stock Exchange was established, aiming to provide services for innovative small and medium-sized enterprise and focus on the development of outstanding “little giant” enterprises.

The construction of outstanding small and medium-sized enterprise service system in Ningbo has also been highly affirmed at the national level. The latest issue of the work report on small and medium-sized enterprises published by the Office of the Leading Group for Promoting the Development of Small and Medium-sized Enterprises of the State Council covers relevant practices for high-quality development of outstanding “little giant” enterprises in the Ningbo City on six aspects. For the next step, the Ningbo Municipal Economic and Information Technology Bureau will continue to focus on outstanding SMEs, and provide services for these enterprises with convenience for further development on aspects of policies, services and the financing systems. At the same time, Ningbo will strengthen cooperation with the Beijing Stock Exchange, prepare to build the “Ningbo Service Base of the Beijing Stock Exchange”, and promote the cultivation of outstanding and high-quality small and medium-sized enterprises. A market-oriented service mechanism for standardized cultivation of enterprises will be explored and established, so as to continuously promote high-quality development of outstanding SMEs with the help of the capital market.