China Encourages County-Level Tech Firms To IPO

The Chinese government has introduced new policies to encourage the listing of qualified high-growth technology companies located outside major cities, in another move to foster innovation and accelerate the country's transition to technology-led growth.

The General Office of China's State Council issued a document earlier this month, saying that it would help qualified high-growth tech companies based in nearly 3,000 county level administration areas to obtain financing by making capital markets more available to such firms.

China's main-board in the Shanghai and Shenzhen Stock Exchanges, Small and Medium Enterprise Board, Growth Enterprise Board, the so-called New Third Board, as well as regional equity transaction markets will be more supportive of high-growth tech companies at the county level, which is one administrative level below cit...

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