Lanzhou has staged awarding measures to encourage local enterprises to carry out joint-stock system reorganization and debut on China's National Equities Exchange and Quotations (NEEQ), also known as the "New Third Board," according to the Financial Affairs Office of the Lanzhou Municipal People's Government, Lanzhou.cn reports.

Qualified enterprises will be granted a special fund of 1 million yuan for getting listed on the NEEQ, which will be allocated at three stages.

The measures are rolled out to guide enterprises to achieve sound corporate governance and optimize allocation of resources through capital market.

Favorable policies for enterprises have also been stipulated, including simplifying filing procedures for to-be-listed enterprises, assisting listed enterprises in applying for specific funds, giving priority to products and services of listed enterprises in government procurement and project bidding in the light of relevant regulations and guiding investors and funds to make investment in enterprises that plan to get listed.

The NEEQ was launched in late 2012 to supplement the main Shanghai and Shenzhen bourses.

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