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China's Hebei province to offer financial incentives to firms seeking IPOs - paper

Reuters  |  BEIJING 

BEIJING (Reuters) - China's northern Hebei province will offer financial incentives to companies seeking to raise capital in equity markets, state media reported, in a move coinciding with a renewed push to kickstart financing for projects in the region. Hebei will spend up to 100 million yuan ($14.83 million) a year to encourage companies in the province to list on stock markets either in China or abroad, the state-backed Hebei Daily newspaper said on Friday.The incentives, while modest in financial scale, point to local governments stepping up efforts to push companies to expand funding ...

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First Published: Sat, February 09 2019. 12:33 IST