Liangjiang New Area in Southwest China's Chongqing municipality recently initiated a four-year campaign, lasting from 2022 to 2025, to increase the number of the new area's listed companies.

The goal is that by 2025, Liangjiang will be home to 20 new listed companies, and that in 2022, 2023, 2024 and 2025, 10, 20, 30 and 50 local enterprises will be ready to go public, respectively.

To reduce listing costs for enterprises, the government has also issued special funds for enterprises preparing to go public, with each firm able to receive a maximum of 23 million yuan ($3.17 million).

To date, districts under the direct administration of the new area have registered 14 domestic and foreign listed corporations, accounting for 16 percent of Chongqing's total, with 39 enterprises having been included in the municipal reserve for firms to be listed.

In addition, green channels featuring integrated services and simplified measures will soon open to firms to accelerate the listing process.