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Beijing Listed Companies Raise 14 Billion Yuan
Beijing-based enterprises that went public this year have so far raised over 14 billion yuan (about 1.68 billion USdollars) from the stock market.
Meng Xuenong, vice-mayor of Beijing, said the stock market has become a main channel of financing for many enterprises.
Statistics show that since 1993, 64 Beijing-based firms have been listed on stock markets at home and abroad, raising an accumulated fund of 55.11 billion yuan.
There has been an increasing number of high-tech enterprises going public as well. Statistics show 16 Beijing high-tech firms had been listed on A-share stock market by June this year, accounting for 32.65 percent of the total figure in Beijing's listed A shares. Some other high-tech companies went on stock markets outside Beijing by buying local listed companies.
Figures show three enterprises that went public this year raised more than one billion yuan each.
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