149 companies based in East China’s Anhui province launched initial public offerings (IPOs) on the domestic stock market as of the end of 2021, bringing the province to the 9th spot in the country, the provincial government said at a press briefing on Wednesday.
The province saw a record high of 23 domestically listed companies last year, ranking 7th in the country.
Five out of them launched IPOs on the Beijing Stock Exchange, China’s newest bourse which started trading in mid-November, bringing the province to the 5th.
In 2021, Anhui's financing increment exceeded 1 trillion yuan ($158.2 billion) for the fifth consecutive year. New RMB loans worth 662.8 billion yuan and total direct financing worth 700.8 billion yuan totaled over 1.3 trillion yuan, 132.4 billion yuan more than a year earlier.
Deposits and loans grew higher than the national averages. As of the end of 2021, the balance of RMB deposits hit 6.63 trillion yuan, up 10.64 percent year-on-year, higher than the national average of 9.3 percent.
Meanwhile, the balance of RMB loans rose 12.87 percent to 5.82 trillion yuan, 1.27 percentage points higher than the national average.
The rate of loan-to-deposit ratio stood at 87.75 percent, 4.78 percentage points higher than the national average.
Anhui took a number of financial measures to support the development of the real economy, according to the government.
The balance of loans of the province’s manufacturing sector reached 508.65 billion yuan at the end of 2021, up 14.4 percent year on year, while that of sci-tech enterprises totaled 217.09 billion yuan, up 42.35 percent from that at the beginning of the year.
In addition, the province also beefed up financial support to the rural rejuvenation strategy. The balance of agriculture-related loans reached 1.83 trillion yuan at the end of 2021, up 13.5 percent from the same period a year earlier.