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NE China gets an equity transaction center

Updated : 2015-07-10

By ( e.my399.com )

A Science and Technology Innovation Town that is part of the city of Harbin, Heilongjiang province saw the opening of an equity transaction center, on July 8, the local Heilongjiang Daily reports of July 9, noting that the center has 109 unlisted companies from seven cities around the province, with immense potential, ready for the big board.

This regional equity market is expected to help build a more complete market system, with the enterprises covering a range of things from health foods to manufacturing, technology, information, and the Internet. They have a total of around 8-billion-yuan ($1.29 billion) in registered capital.

The center will help enterprises increase their finance channels and help companies that plan to go public on any exchange, including overseas. It has provincial government backing and was set up by the Heilongjiang United Property Rights Exchange and the municipal government to help micro-to-small-to-mid-sized enterprises in getting listed, or in incubation projects, or trade and financial innovation.
 

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