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The Beijing Equity Transaction Center (Beijing Fourth Board Market) was officially renamed the Zhongguancun Equity Transaction Service Group, on May 8, to become a part of the technological and financial innovation system of Zhongguancun, a high-tech park in Beijing.
This move helps Beijing's Fourth Board Market to be integrated with its Zhongguancun Science Park to help more micro-small-mid-sized enterprises broaden their financial channels.
The Fourth Board Market has provided services to hundreds of enterprises since it began operation at the end of 2013, including registrations, trusts, getting listed, in trade, and settlement of unlisted corporate equity, debt, and private financial products.
It has attracted more than 4,000 investors and helped transfer equity worth 4.2 billion yuan ($676 million).
The new Zhongguancun Equity Transaction Service Group is providing its listing enterprises with preferential policies, including subsidies for purchases of intermediary services such as credit, certification and intellectual property agent.
The Zhongguancun Science Park also provides interest subsidies for the listing enterprises that have loans from guarantee companies.
The new Group signed a cooperation agreement with Zhongguancun's 10 innovation incubators, including Postal Savings Bank of China, Bank of Beijing, and AngelCrunch.
