The capital market development baby fund will be founded to support corporate financing, according to the government meeting of Ningxia Hui Autonomous Region held on November 4. Besides, listed companies can receive a maximum reward of 15 million yuan.
According to the regional financial services office, from 2015 to 2017, some 50 million yuan will be appropriated each year from the industry guidance fund to assist enterprises that had a good initial stage to enter more advanced capital market through shareholding and investment.
Meanwhile, more support goes to newly listed corporations in the region. Those who rank first respectively at domestic main-board market, SME board market and GEM can get a reward of 4 million, 3 million and 2 million yuan. Similarly, the triple firsts listed in overseas share markets can have 15 million, 10 million and 5 million yuan.
