The specialized "High-Growth and Specialized" board within Sichuan's regional equity market was officially launched on July 16th in Chengdu. The inaugural session saw 132 enterprises collectively admitted onto the board, marking the commencement of regular operations for this new platform.
The board is constructed and operated by Tianfu (Sichuan) United Equity Exchange. It focuses on establishing a tiered cultivation system for high-quality small and medium-sized enterprises (SMEs), with core functions centered on comprehensive financial services and guidance for public listing standards. The board aims to become a pivotal platform within Sichuan for nurturing premium SMEs and building a pipeline of candidates for the broader capital markets. According to the board's development plan, it aims to facilitate the cultivation of over 300 enterprises by the end of 2028 and provide integrated financial services to more than 1,000 specialized and sophisticated SMEs.
How the Specialized Board Empowers Enterprises
The board offers a multi-faceted support system. For foundational capital market services, it aggregates professional resources from securities firms, accounting firms, and law firms to provide training, policy alignment, and consulting services. In terms of investment and financing services, it leverages specialized "equity-debt-loan" linkage products and regular roadshow events to build a comprehensive financial service system covering the entire corporate lifecycle. Regarding listing cultivation and guidance, it collaborates with institutions like the Shanghai, Shenzhen, and Beijing Stock Exchanges to offer "one-on-one" tailored cultivation and expedited pathways for board transfers. Enterprises on the board that later apply for listing on the National Equities Exchange and Quotations (NEEQ) can enjoy specialized support, including pre-application consultation, priority acceptance, and accelerated review processes.
Concurrently with the launch, Sichuan introduced an "Enterprise Empowerment Voucher" policy. These vouchers are a universal policy tool designed to support enterprises in purchasing services for standardized cultivation on the board, functioning as electronic coupons that offset service costs. They offer four key benefits to admitted enterprises. First, they provide financial support: newly admitted enterprises each year can apply for vouchers worth 80,000 yuan, while previously admitted firms can apply for 50,000 yuan, with total amounts managed on a first-come, first-served basis and valid for the current year. Second, the vouchers cover four key growth stages: board admission services, standardized governance, financing consultation, and listing cultivation. Third, the application process is convenient and can be completed online via the "Sichuan Province Enterprise Public Service Cloud Platform." Fourth, the policy is stable, initially set for a three-year term to ensure enterprises can fully access the benefits.
A representative from the provincial financial office stated that active support will be provided to Tianfu (Sichuan) United Equity Exchange to enhance the functions of the regional equity market. The goal is to build a comprehensive provincial platform for enterprise listings and promote synergy between the specialized board, the "Venture Capital Tianfu · Weekly Meet" roadshow platform, and the "Chuanyi Loan" platform. Efforts will focus on improving enterprise databases, recommending firms for roadshow participation, assisting with financing, and accelerating board transfers and listings, thereby providing full lifecycle tracking services for enterprises.
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