The Guangdong capital market has seen a major boost in the first half of 2021, maintaining a domestic leading position. From January through June, Guangdong companies directly raised a total of RMB 610.5 billion, accounting for 17.09% of domestic direct financing with a whopping 30.32% year-on-year growth.
The thriving capital has no doubt served as an engine for the growth of the real economy.
Thanks to registration reform, by the end of June, listed Guangdong companies amounted to 723, and 48 companies from the list went public this year through IPOs on the Shanghai and Shenzhen Stock Exchanges, raising over RMB 37 billion – a twofold increase in both amount and size on a year-on-year basis.
Most of these newly listed companies feature technology, with 41 involved in industries including manufacturing of computer, communications and other electronic equipment; professional technical services as well as professional equipment manufacturing amongst others.