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Zhejiang Xinhengtai New Materials Co Ltd in Jiaxing, Zhejiang proviince. [Photo/jiaxingren.com]

Zhejiang Xinhengtai New Materials Co Ltd in Jiaxing recently received approval from the National Equities Exchange and Quotations (NEEQ), marking its successful entry into the NEEQ innovative layer.

Xinhengtai achieved the milestone in just 25 trading days, becoming the fastest-ever approval using the green channel mechanism. This makes Xinhengtai the third company in Jiaxing and the first in Nanhu district to be listed on the NEEQ this year.

Founded in 2008, Xinhengtai specializes in the research, production, and sales of new foaming materials. The company has shown strong growth in recent years, earning numerous accolades, including being classified as a national little giant enterprise and the national high-tech enterprise.

The Yangtze River Delta (Jiaxing) Sci-Tech Financial Service Center has been instrumental in this achievement.

To assist Xinhengtai in its NEEQ listing, the center organized multiple one-on-one consultations with exchange experts, offering specialized guidance. Xinhengtai also participated in various training programs, including the latest capital market policies, and topics related to comprehensive registration system.

Through these efforts, Xinhengtai gained a deep understanding of the multi-level capital market and the latest listing policies, ultimately deciding on a path to list on the NEEQ before moving to the Beijing Stock Exchange.