Think-tank forms to help companies to go public
- Details
- Category: Ningbo News
- Published: Tuesday, 28 August 2012 11:07
Ningbo Securities Regulation Commission issued letters of appointment to 15 experts from Shanghai Stock Exchange and Shenzhen Stock Exchange and so on and set up a think tank, which is an expert advisory panel, to provide consultation and training services on how to get listed to Ningbo enterprises.
Ningbo enterprises have speeded up their paces for listing since the restart of the IPO. Relative department released yesterday that the listed companies of Cixi had increased to 42 from the originally 28 before the restart of the IPO. Last year, listed companies of A-shares made great breakthroughs in seeking financing directly, for they have raised as much fund as 5.6 bln yuan.
The first training program was held in Yinzhou Yesterday. The panel gave lectures and provided consultation services to 50 companies and 16 county-level governmental officials. Many company workers said that shortage of listing policies and assets evaluation were the major problems for companies to restructure and get listed.
"Our company hasn't begun the process of restructuring and listing, and the biggest obstacle is assets evaluation", said the representative of Huayuan Fibreglass-reinforced plastic Co. Ltd, who came to thistraining for more knowledge on assets evaluation. A relative worker from a listed company also complaint that the lack of information on listing policies had caused them many obstacles while his company was prepared to be listed.
"In the process of listing, enterprises will come across a series of problems including governmental policies, assets evaluation and also problems relating to laws. The panel can help companies to deal with these problems. And it is also in accordance with the needs of the development of Ningbo's capital market", said an official from Ningbo Securities Regulation Commission.
It is learned the members of the panel are all experts from stock exchanges, accounting firms, law firms and assets evaluation institutions.
Yet how could Ningbo companies to get the help from the panel.
"We will release the contact information of all the panel members to the Finance Affairs offices of every county and town, so enterprises could get in touch with the experts directly", said a staff member of the panel.
