Shanxi province established the first go-public association for provincial companies, in Taiyuan, on Jan 16.

The province now has other three associations dealing with securities, futures, and going-public, showing that it has made real progress in developing a capital market system.

In the future, the new association will promote the standardization and innovative development of companies wanting to go public to demonstrate their role in both economic and social development, and to facilitate reforms and experimental zone development in Shanxi.

The go-public association will avail itself of the benefits of the capital market to push corporate mergers and acquisitions and the industrial integration of the province’s companies, and increase their competitiveness.