The 2024 Conference on the Development of Specialized, High-end, and Innovation-driven Small and Medium-sized Enterprises recently commenced in Shanghai. During the opening ceremony, the China Securities Regulatory Commission and the Ministry of Industry and Information Technology unveiled the third list of "Specialized and Sophistication" boards in regional equity markets, with the "Xiamen Cross-Strait Equity Exchange Center" earning a spot on the prestigious list.

In recent years, Xiamen has implemented a structured development system to nurture businesses. This system supports the growth of companies from "innovative SMEs" to "Specialized, High-end, and Innovation-driven SMEs", and ultimately to "Little Giant" enterprises. Focusing on the city's "4+4+6" modern industrial framework, the city aims to nurture a group of specialized, high-end, and innovation-driven enterprises that embody new quality productive forces. These efforts will target key industrial chains and emerging sectors such as next-generation information technology, artificial intelligence, big data, biomanufacturing, and the low-altitude economy. Xiamen City identifies innovative, high-growth, well-supported, and competitively advantaged specialized and sophisticated SMEs as "Little Giant" reserve enterprises, providing targeted support and policy incentives, including financial rewards. For instance, a company demonstrating competitiveness in a niche market may receive a reward of up to 300,000 yuan based on comprehensive indicators such as its main business. Additionally, companies earning the "Little Giant" title for the first time will receive a one-time reward of 500,000 yuan from both municipal and district levels.

An official from the Xiamen  Financial Regulatory Bureau stated that the next step is to actively guide cross-strait stock exchanges to focus on enterprise financing needs, comprehensive financial services, and digital intelligence construction. This approach will leverage the "on-the-doorstep" capital market to better serve specialized, high-end, and innovation-driven enterprises and bridge the "last mile" of enterprise listing.

Translated by Fujian Investment Promotion  Center