(Photo via Xinhua News)

Nine cities in the Yangtze River Delta, including Yangzhou, Wenzhou, Jinhua, Quzhou, Taizhou, Wuhu, Xuancheng, Chizhou, and Anqing, have signed a contract to form the service base for the capital market in the Yangtze River Delta, jointly established by the Shanghai Stock Exchange and the Pudong New Area government.

Since the launch of the capital market service base of the Yangtze River Delta, the investment and financing needs of enterprises in the Yangtze River Delta and launched ten service functions covering the whole life cycle of enterprises.

Statistics show that as of July 16, the number of Yangtze River Delta enterprises listed on the Science and Innovation Board reached 58, accounting for 45% of the country; enterprises in the acceptance stage are in total 176, accounting for 43%.

"Many scientific and technological enterprises are immersed in research and development, and are relatively unfamiliar with the capital market." Shao Junbin, chairman of Shanghai Zhijiang Biotechnology Co., said, "Through the platform set up by the base, science and innovation enterprises can communicate with exchanges and professional institutions in advance and fully understand the rules and regulations of science and innovation board."

Pudong finance bureau deputy director Zhang Hui introduced that based on the first listed audit support functions, include the basic information, operations, regulatory information, intellectual property rights, public opinion information five dimensions, they can accurate portraits for the enterprise.

Statistics show that more than 30% of the listed companies on the science and innovation board in the Yangtze River Delta have received investment from member institutions of the base alliance.

According to the plan, in the next step, the service base for the capital market in the Yangtze River Delta will further strengthen the function construction, build the service brand, guide all kinds of capital to invest in excellent scientific and technological enterprises, and boost the integrated development of higher quality in the Yangtze River Delta.

(Compiled by Xu Yuhong, translated by Hu Lingyun)