Inner Mongolia Shuangxin Environment-Friendly Material Co, based in Ordos city, celebrated its listing on the Shenzhen Stock Exchange on Dec 30. The company's initial public offering was marked by a ceremonial bell-ringing, signaling the start of trading.

A bell-ringing ceremony is held to signal the company's initial public offering. [Photo/Ordos City Media Convergence Center]

Since its establishment in 2009, Shuangxin has leveraged local resources in Ordos to focus on the polyvinyl alcohol industry and related sectors. Through technological innovation, the company has developed a comprehensive circular economy system, significantly contributing to the self-reliance of China's new chemical materials industry.

The listing of Shuangxin marks a milestone for the company, standing as a testament to Ordos' strategic efforts to seize opportunities in capital market reforms and promote the listing of high-quality enterprises. This development is expected to inject fresh momentum into the city's economic growth.

In recent years, Ordos has been actively enhancing the selection and cultivation of potential listed companies. The city has formed joint research teams to conduct one-on-one surveys and visits to key enterprises preparing for listing, offering professional guidance to help them navigate the capital market.

Ordos now boasts four listed companies, one company awaiting listing approval, 14 enterprises prioritized for development by Inner Mongolia autonomous region, and 36 key city-level cultivation enterprises.