Xinjiang Renhe Business Services Co joined the National Equities Exchange and Quotations board (NEEQ) on July 7.

The company is the Urumqi State High-tech Industrial Zone’s 12th to be listed on the NEEQ. It is a first-class enterprise approved by the CAAC in 2006 and a member of the International Air Transport Association offering international and domestic passenger transportation service. The company is Xinjiang’s first air service company to be listed on the NEEQ. It therefore has found a strong bedrock for financing and publicity.

The industrial zone has gone all out to lead its high-tech companies to the NEEQ since the exchange became available. When the NEEQ left the Zhongguancun Technology Park in 2014, the zone enacted a series of supporting policies to help introduce its micro, small and middle size companies to the market.

The number of companies applying for an initial public offering (IPO) reached a new high this year. There are now nine Main Board listed companies and two IPO applications pending.

By Qiu Guizhen and edited by Peter Nordinger