In the first half of the year, Jiangsu had 37 enterprises listed on the A-share market through initial public offerings (IPOs) and they raised a total of more than 40 billion yuan, leading the country in both aspects during the same period.

China rolled out its across-the-board registration-based IPO system this year. Although the overall pass rate of IPO applicants declined in the first six months, the province saw a growth in the number of companies going public, bringing the total to 670 as of the end of June this year.

The new additions included 9 on the main boards of the Shanghai and Shenzhen stock exchanges, 8 on the Shenzhen-based ChiNext, 9 on Nasdaq-like STAR Market and 11 on the Beijing Stock Exchange (BSE).

Among the 37 newly listed companies, most belong to the categories of computer, communications and electrical equipment manufacturing, accounting for more than 10% each. Those companies generally specialize in integrated circuits, power batteries, industrial robots, and other key sectors in the manufacturing industry.

During the same period, the number of enterprises listed on the BSE surpassed that on the STAR Market, reflecting the rapid expansion of enterprises in niche markets.

Regionally, enterprises in southern Jiangsu accounted for 70% of the total, with Suzhou and Wuxi each having seven enterprises listed, followed by six in Nanjing, five in Changzhou and one in Zhenjiang.