More IPOs planned for SMEs

Echoing the Guangdong provincial government's call to help smaller companies overcome financial difficulties, the Guangdong Banking Regulatory Commission has promised to further facilitate their access to multiple channels for raising funds.

A total of 107 Guangdong companies are now prepared to list in on the Shenzhen and Shanghai stock exchanges, 30 of which will have initial public offerings on the Growth Enterprise Market, a NASDAQ-like market in China.

As well, "the Guangdong Banking Regulatory Commission helped 23 smaller local companies go public in Shenzhen and Shanghai since 2006 that raised 8.28 billion yuan from on the stock markets," said an official from the commission.