Behind The "Suzhou Corps" Of Capital Market: The Achievements Of Emerging Industries Are Brilliant, And The Old And New Giants Feed Back The Innovation Ecology

For entrepreneurs who come to Suzhou to start their own businesses, the policy support, livable environment, cost of living and social inclusiveness give them advantages in talent recruitment. In addition, Suzhou enterprises and entrepreneurs are also jointly feeding the local entrepreneurship and innovation ecology through the combination with capital.

On November 5 this year, baolidi of the fiber masterbatch industry was listed on the gem, and the "Suzhou corps" of the capital market added a new army.

According to the data released by Suzhou municipal financial regulatory bureau on August 24 this year, there were 16 domestic and foreign listed enterprises in Suzhou during the year, including 13 new domestic A-share listed enterprises (including 6 science and technology innovation board), and 168 domestic and foreign listed enterprises, including 132 domestic A-share listed enterprises.

According to the 21st century economic report, the number of Listed Companies in Suzhou has reached 176, including 140 A-share listed companies in China, including green harmonic, zhongxinbo, goodway, Tianchen medical, Weishi electronics, Shihua technology, Rijiu optoelectronics and baolidi.

In the past few months, the 21st century economic report has visited a number of local high growth enterprises, investment institutions and entrepreneurial service institutions in Suzhou. Some of the interviewees have led the enterprises to complete "from 0 to 1", some of them started their own businesses again and brought them to the capital market, and others have invested in several listed companies.

For entrepreneurs rooted in Suzhou, the policy support, livable environment, cost of living and social inclusiveness give them advantages in talent recruitment and other aspects. In addition, Suzhou enterprises and entrepreneurs are also jointly feeding the local entrepreneurship and innovation ecology through the combination with capital.

Listing Report

According to the "overview of Suzhou's economic and social development in 2019" issued by Suzhou Municipal Bureau of statistics, there are 21 new listed companies in Suzhou in the whole year of 2019, totaling 153, including 120 A-share listed companies in China, with a total fund raised of 303.1 billion yuan. There are 6 listed enterprises on the science and technology innovation board, ranking the third in China.

Li Ruigang, founder partner of CMC capital, said in the final of 2020 Jinjihu entrepreneurship competition held in Suzhou recently when discussing the driving force of economic structural change that the process of economic and social innovation is driven by two wheels, one is a group of outstanding entrepreneurs with innovative spirit, the other is a group of elite officials with entrepreneurial spirit.

Li Ruigang believes that there is a continuous coupling process between the top-down strategic orientation drive of the government and the bottom-up innovation and exploration of entrepreneurs, which is constantly driven forward. He said that the entrepreneurship of government staff is reflected in the understanding of industry, professional knowledge and strong executive power.

Behind the brilliant report card of Suzhou enterprises in listing, we can also see the local work in promoting industrial upgrading, promoting urban innovation and empowering entrepreneurial enterprises.

From the perspective of industry composition of listed companies, according to the statistics of Qingke private equity, in addition to mechanical manufacturing, semiconductor and electronic equipment, the proportion of Listed Companies in Suzhou in it, biotechnology / medical health and finance has increased significantly since 2016.

Shi Jing, deputy director of the local financial supervision and Administration Bureau of Suzhou, also introduced it at the launching ceremony of the "nursery" plan for listing enterprises in Xiangcheng District on October 30 this year. In recent years, Suzhou has promoted the listing of enterprises closely around the overall idea of "five batches of listing", and has promoted the steady growth of the "Suzhou plate" in the capital market by building a echelon of listed reserve enterprises.

Science and technology innovation

On September 30 this year, Shihua technology opened its market on the science and Technology Innovation Board of Shanghai Stock Exchange, and Suzhou's "science and technology innovation corps" continued to expand. In fact, not only the science and technology innovation board market, but also the scientific and technological innovation enterprises in Suzhou have performed well in many capital markets in recent years.

The reporter learned in the interview that, on the one hand, behind the brilliant achievements of Suzhou enterprises in the field of scientific and technological innovation, Suzhou has accumulated in a number of emerging industries for more than 10 years. On the other hand, in addition to listed companies, there are a number of local emerging enterprises will gradually land in the capital market.

"We not only see foreign-funded enterprises put Asian R & D centers in Suzhou, but also see more private enterprises with scientific research and innovation capabilities." Talking about the development of Suzhou science and technology innovation field, Tang Lina, executive deputy general manager of doctor technology group, told reporters.

Tang Lina quit her job in Zhuhai Government department in 2009 to expand the company's technology transfer business in Suzhou. She recalled that when she first came to Suzhou, she was most exposed to manufacturing family businesses, and foreign enterprises were mostly manufacturing factories here.

More than ten years after her arrival in Suzhou, Tang Lina's main customer base has changed from a foreign-funded enterprise to a private enterprise. She believes that "the change in the proportion of our customers is the result of the adjustment of domestic industrial institutions, and it also highlights that private enterprises are aware of the importance of innovation and transformation."

Nowadays, the local biomedicine, new generation information technology, nanotechnology and artificial intelligence in Suzhou have become the new engine of local economic development. In the first half of this year, the output value of the local four leading industries accounted for 21.6% of the industrial output value above the designated scale.

It is worth noting that in March this year, the Suzhou Municipal People's government issued the "cultivation plan of Suzhou science and Technology Innovation Board's reserve enterprises", which proposes to further optimize and refine the cultivation mechanism of science and Technology Innovation Board's reserve enterprises according to the overall idea of listing in "five batches", and continue to develop the "Suzhou corps" of the science and technology innovation board.

According to the above documents, Suzhou will strive to list 25 new enterprises on the science and technology innovation board and reserve nearly 100 reserve enterprises in the city from 2020 to 2022.

Nurturing innovative ecology

In recent years, Suzhou's industrial base, talent reserve, capital supply and business environment have become the core attraction of attracting entrepreneurs to Suzhou, and have also contributed to the growth of local emerging industries.

"The policies in Suzhou are relatively good, and the government services are also in place. Local support for entrepreneurial teams is very strong, and the strategic significance of creating emerging industries is realized by introducing leading enterprises. " Tang Lina said.

21st century economic reporter has observed that local enterprises and entrepreneurs in Suzhou are also nurturing the local innovation ecology through diversified ways.

An interviewee told reporters that many local entrepreneurs in Suzhou are willing to hand over their funds to local investment institutions for management. They tend to choose local investors who have mutual trust for many years. For them, this kind of capital allocation mode has a smaller management radius and is conducive to the local business expansion of their own enterprises.

On the other hand, some listed companies of emerging industries in Suzhou have also become investors of industry investment funds registered in Suzhou, so as to serve as the feelers for the company to track the frontier opportunities of upstream and downstream of the industrial chain, so as to realize the "strong alliance" between industrial companies and capital.

In addition to contributing to equity investment funds, local enterprises in Suzhou also support local entrepreneurship and innovation in various ways, such as direct investment and entrepreneurial services. The reporter learned that Tongcheng capital, established in 2018 under Tongcheng group, has invested in 21 local start-ups in Suzhou in the past three years.

Tongcheng group was founded by Wu Zhixiang, his Suzhou university classmate Zhang Hailong, his younger sister Wu Jian, and his teacher Wang Zhuan. Around 2005, the team with a tourism background ushered in technical Pai Ma Heping. At present, Tongcheng Yilong, a subsidiary of Tongcheng group, is a listed company with a market value of about HK $30 billion.

"When it comes to Suzhou, people think of" small bridges and flowing water families. "But I think Suzhou has always had a fighting spirit Wu Zhixiang told reporters earlier in the interview.

During this visit, many persons in charge of Suzhou listed enterprises and founders of science and technology innovation enterprises settled in Suzhou in the early years because of talent and industrial support policies. Today, they and their team not only take root here, but also become the backbone of local industrial innovation.