Recently, the Wuhan Economic & Technological Development Zone (WEDZ) issued seven supporting measures to promote corporate listing.
Since the implementation of the comprehensive registration system for A-shares this year, the efficiency, transparency, and predictability of corporate listing and issuance have greatly improved, unleashing historic opportunities for companies to achieve high-quality development through capital markets.
For companies listed on the Shanghai, Shenzhen, and Beijing stock exchanges, WEDZ provides a maximum reward of 12 million yuan ($1.67 million). "Golden seed" and "silver seed" companies engaged in equity financing and ready for listing can receive a maximum reward of 3 million yuan. Companies listed on the National Equities Exchange and Quotations, also known as the "New Third Board", can obtain financial support of up to 3 million yuan.
By 2025, the zone is expected to have between 20 to 25 listed companies, which will increase to 50 by 2030.
In addition, a "green channel" has been opened to address issues related to corporate listing. Relevant government departments in the zone are required to provide a quick response and handle listing difficulties raised by companies within 5 working days.
