|

Representatives from Qifeng Precision Industry Sci-tech Co Ltd ring the opening bell at the listing ceremony on April 15. [Photo/cnjxol.com]

Qifeng Precision Industry Sci-tech Co Ltd, which is based in Haiyan county, Jiaxing, East China's Zhejiang province, was listed on the Beijing Stock Exchange on April 15.

It is the first company in Jiaxing to be listed on the Beijing Stock Exchange.

Established in January 2001, the company is a high-tech enterprise specializing in the development, production and sale of fasteners.

The company's listing on the Beijing Stock Exchange means that it will obtain a new platform for capital support and be able to achieve rapid development, according to a staff of the Jiaxing financial office.

To encourage and help new SMEs go public on the Beijing Stock Exchange, the government has formulated a series of supportives policies and offered training sessions on business and listing rules.

So far this year, four companies in Jiaxing have gone public, the most in the province.