Ordos-listed enterprises eligible for 23 million yuan in rewards

Updated: 2021-12-03 (chinadaily.com.cn) Print

The city of Ordos in North China's Inner Mongolia autonomous region recently launched preferential policies to reward local enterprises listed on domestic and overseas stock exchanges.

Based on the Inner Mongolia autonomous region-level award and the city's subsidy policy, a Ordos-based company is eligible to receive a total of 23 million yuan ($3.45 million) in rewards and subsidies for listing in China, and 10 million yuan in total for listing on overseas stock exchanges.

According to the "Ordos Action Plan for Promoting the Listing of Companies to Promote High-Quality Economic Development," the city of Ordos will once again grant awards and subsidies at the municipal level on the basis of awards and subsidies from the autonomous region.

Ordos will give a total of 10 million yuan in bonuses to companies listed on the Shanghai, Shenzhen and Beijing stock exchanges.

A one-time bonus of 5 million yuan will be given to companies listed on the Hong Kong Stock Exchange.

A one-time bonus of 1 million yuan will be given to enterprises listed on the National Equities Exchange and Quotations (NEEQ).

A one-time bonus of 9 million yuan will be given to companies that are listed on the Shanghai, Shenzhen, and Beijing stock exchanges from the NEEQ.

A one-time bonus of 300,000 yuan will be given to companies listed on the "Tianjun Board" in Inner Mongolia.

According to the listing incentive policies at the autonomous region level, for one enterprise listed in domestic stock exchanges, it will receive 13 million yuan in rewards and subsidies in stages from the Inner Mongolia authority.