Hefei eyeing advances in quantum science

Hefei, the capital city of Anhui province, aims to be a pioneer in China's quantum information science and technology development, with a string of local companies eager to commercialize the cutting-edge technology.

One of them is QuantumCTek, a local unicorn company providing quantum-communication-based encrypted solutions and devices. The decade-old company got the necessary approvals from the Shanghai Stock Exchange last week for a listing on China's new science and technology innovation board.

QuantumCTek plans to raise 300 million yuan ($42.8 million) through an initial public offering, which will make it the first listed quantum technology company in China.