“Listed Companies’ Nursery” program helps enterprises increase the odds of going public
The“Listed Companies’ Nursery” program which SIP authorities launched in late 2019in the aim of giving companies in SIP all-around support for listings hashelped seven enterprises go public. Theprogram adopts a level-to-level admittance criteria system to selectenterprises in three development stages and give them advice, financialassistance, training and other forms of help for their listings. Forexample, more than 10 banks have promoted loans to support enterprises covered bythe program. An enterprise rated the “Basic” or “Key” level can get a loan ofup to RMB 20 million, while a pre-... [MORE]
SIP enhances efforts to attract and retain talents
Beingwell aware of the important role of talents in the development of an area, SIPauthorities have been enhancing their efforts to attract and retain talents. Sofar, SIP has attracted more than 410,000 talents engaged in different fields.Sinceearly last year, SIP authorities have introduced a series of new policies fortalent introduction. For example, in accordance with an incentive plan aimed atluring high-caliber and urgently needed professionals to the free trade zone inSIP, an eligible professional receives a reward of at most RMB 400,000 eachyear, and one with special contributions to SI... [MORE]