Beijing Securities Put Forward Zhongguancun StrategyApproved by China Securities Regulatory Commission, Beijing Securities Co., Ltd has increased its capitalization from RMB 850 million to RMB 1.551 million. The total number of shareholders of the company reached 21.Beijing Securities was founded in 1997 on the basis of merger and reorganization of Beijing Securities Co., Ltd. and Beijing Finance Securities Company. It has served as underwriters for nearly seventy listed companies, including Yanjing Brewery, Citic Guo'an, Beijing Urban Construction and Shougang Co. and helped enterprises to raise more than RMB 6 billion through direct financing on capital market. Last year, the company ranked sixth among domestic securities firms in terms of underwriting volume of new shares. The business scope of Beijing Securities include: securities underwriting and listing recommendation, securities brokerage, securities trading, asset management, securities investment and consultation as well as initiating securities investment funds and fund management companies. Zhou Rongkang, general manage of Beijing Securities, said his company had put forward the "Zhongguancun Strategy", that is, to take it as its core business to give support to the development of Zhongguancun Hi-tech Park, the so-called "Silicon Valley of China". Currently, Beijing Securities is studying, cultivating and recommending qualified hi-tech enterprises to get listed on the main or the second board market and participating in the construction of "Zhongguancun Sector". The company is also active in getting involved in the capital operation of the listed companies in Beijing and the hi-tech enterprises in Zhongguancun to promote the development of these companies. It is taking full advantage of corporate bonds, investment funds and asset securitization to raise capital for the construction of the Zhongguancun Hi-tech Park and the development of hi-tech enterprises. (Panorama) |
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