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Industrial Finance
An Upsurge of Expanding Capital Market of Enterprises in Yangxunqiao Town

Publish Time:2008-08-05

A few days ago, a big sum of 0.38 billion Hongkong dollars was added to the account of Zhejiang Glass Co., Ltd, which means Zhejiang Glass has completed the increase of H Item issue in the stock. Zhejiang Glass increased 64.166 million stocks, and the issuing price is 6.05 Hongkong dollars. The financing capital will be used in the development of production line of 1,000 tons daily melting volume high quality ultra float glass. In the braking of monetary policy, how can the enterprises solve the problems of"financing difficulty"? Many enterprises as Zhejiang Glass in Yangxunqiao town prepare to finance through increasing the issues in stocks to break through the bottleneck of financing problems and further the development. There are four public companies in Yangxunqiao town including"Zhejiang Glass","Zhanwang Group","Baoye Group" and "Yonglong Industry" they are listed on the hi-tech board and mainboard one after another. Being the public limited companies has done a lot good to them. “Zhejiang Glass” has been the leading enterprise in glass industry in China, "Baoye Group"has attracted famous international investment banks and funds, and "Yonglong Industry" has been developing new products to guide the fashion of market… However, with the higher price of energy, raw material, appreciation of RMB and reduced export rebates, stricter environment protection policy etc., and bigger macro-control, braked monetary policy, it has been more difficult to loan from bank. With higher cost, enterprises in Yangxunqiao are also confronted with such problems which has even become one of the bottlenecks to restrict their development. To solve the problem of financing difficulty, Yangxunqiao town actively established the bonding company and make corporation platform between bank and enterprise to offer financing support and service policy. While, enterprises are encouraged to be listed on the market and public limited companies are encouraged to increase the issues to financing. Enterprises of Yangxunqiao town also take actions to obtain capital through various ways to support their development."Zhanwang Holdings" plans to increase 0.14 billion H issues with the financing of 0.49 billion Hongkong dollars, and "Zhanwang" has got the consentment from China's Securities Regulatory Commission. "Baoye Group" and "Yonglong Industry" are on the way to make sure the increasing issues... In addition, five enterprises including "Yulong Holdings" and "Qingsheng Stock" are standarding the stock and "Shenhua Textile" and "Ze'en Standard Products" have improved their interior stock structure and be the way of officially on the market.
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