The Opinions of Sichuan Province on the Implementation of Measures to Comprehensively Deepen Reform on NEEQ were recently issued, in accordance with Sichuan Provincial Bureau of Financial Work on June 19. In order to support listed companies to focus on making their main businesses bigger, stronger and better, the Opinions specify that all kinds of special funds for industrial development and technological transformation budgeted by the municipal and prefecture governments will give priority to supporting listed companies under the same conditions.

　　In order to improve the quality of NEEQ listed companies in Sichuan, the Opinions propose to support and encourage listed companies to use targeted issuance, self-run issuance, preferred stock and other financing varieties and M&A and reorganization means in combination according to their own development needs, increase R&D investment and enhance core competitiveness; the Opinions also propose to support and encourage eligible listed companies to explore the use of innovation and entrepreneurship corporate bonds, directional issuance of convertible bonds and other bond varieties to expand direct financing channels.

　　Sichuan will establish a step-by-step cultivation mechanism for NEEQ listed companies. "First of all, we will optimize the stock and promote eligible listed companies to actively apply for the featured layer. We will help enterprises to solve the problems and obstacles encountered in the process of application," introduced relevant person in charge of Sichuan Provincial Bureau of Financial Work, adding that support and encouragement will be given to companies of the featured layer to switch to the Growth Enterprise Market (second board) and the Science and Technology Innovation Board, and that a green channel for examination and approval under the framework of laws and regulations on issues related to environmental protection, land, taxation, etc. in the process of board-switching will be established.

　　In addition to optimizing the stock, Sichuan will work on developing new listing increments and continue to screen, cultivate and report the key backup enterprises of listed companies to promote the steady growth of listed companies in Sichuan.