WITH 137 listed companies, Nanshan District ranked second among the country’s counties and districts for the number of listed companies based in the district, according to the latest data released by the district’s economic promotion bureau.

Among them, 40 have been added since 2012. Meanwhile, 284 companies have been listed on the National Equities Exchange and Quotations, China’s third national equity exchange since 2014, which gives the district a leading edge over all the other districts in the city.

Over the past five years, Nanshan has been constantly unleashing economic vitality through supply-side structural reform. It has successfully promoted the transformation and upgrading of three batches of 15 old industrial areas, and attracted nearly 300 enterprises to settle in the district. The annual output of enterprises exceeded 15 billion yuan (US$2.36 billion), a six-fold increase since the reform. As of now, 90 enterprises are headquartered in Nanshan, which is also home to 155 leading private enterprises.

The district has launched a number of initiatives to help local listed companies, including a maximum 2-million-yuan subsidy and subsidized loans. Additionally, in order to exert the leveraging role of the government guidance fund, a special fund with a target size of 10 billion yuan has been set up for the mergers and acquisitions of listed companies.

Industrial scale and quality have also maintained firm growth in recent years. The district’s industrial value-added output has increased from 161 billion yuan to 173.7 billion yuan, recording 82.4 billion yuan in the first half of 2017, an increase of 7 percent year on year.

As the hub of a number of world-renowned industry-leading enterprises, such as ZTE, DJI and Mindray, the industrial value-added output of the advanced manufacturing industry reached 63.739 billion yuan in the first half of 2017, accounting for 77.3 percent of the district’s industrial added value. (Zhang Yu)