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A total of 10 Jiaxing-based companies went public from January to September, the second most in Zhejiang province, according to the Jiaxing finance office.

As of the end of September, the city was home to 80 listed companies, including 59 domestically listed companies. The total market value of A-share listed companies was 737.45 billion yuan ($102.4 billion), ranking third in the province.

The city's listed companies focus on research and development. In the first half of this year, the R&D investment of A-share listed companies exceeded 5.75 billion yuan, a year-on-year rise of 46.47 percent, ranking first in the province and 24.82 percentage points higher than the provincial average.

The city's top three enterprises in terms of R&D investment are Zhejiang Huayou Cobalt Co Ltd (840 million yuan), Tongkun Group (747 million yuan), and Satellite Chemical (645 million yuan).

The city will strive to reach a target of 100 listed companies by 2025.