As the autumn equinox arrived with clear skies, the opening ceremony of Jilin Province's "Specialized, Refined, Distinctive and Innovative" Board and the special training event on capital market empowerment for corporate growth were grandly held on the morning of September 23 in Changchun.

This marks a new stage in the development of Jilin Province's regional equity market, providing a dedicated "fast lane" for specialized, refined, distinctive and innovative small and medium-sized enterprises to leverage capital markets and accelerate their growth.

High-Level Launch with Multi-Party Support

The event was co-hosted by the Jilin Provincial Local Financial Administration, the Jilin Provincial Department of Finance, the Jilin Provincial Department of Industry and Information Technology, and the Jilin Regulatory Bureau of the China Securities Regulatory Commission, with support from the National Equities Exchange and Quotations and the Beijing Stock Exchange, and organized by Jilin Province Industrial Investment Management Group and Jilin Equity Exchange.

More than 260 participants attended the event, including representatives from financial and industrial information technology departments at all levels across the province, specialized, refined, distinctive and innovative enterprises, enterprises planning to go public, as well as financial institutions and intermediary service agencies, all gathering to witness this important moment.

Building a Platform to Empower Growth of Specialized, Refined, Distinctive and Innovative Enterprises

The Third Plenary Session of the 20th Central Committee of the Communist Party of China explicitly proposed "establishing mechanisms to promote the development and growth of specialized, refined, distinctive and innovative small and medium-sized enterprises" and "promoting the alignment of rules and standards in regional equity markets." The construction of this board is a concrete action to implement this deployment.

In November 2025, Jilin Province's "Specialized, Refined, Distinctive and Innovative" Board passed filing with the China Securities Regulatory Commission. Since approval, Jilin Province has accelerated institutional development, enterprise enrollment and service system improvement, with board construction gradually transitioning from preliminary preparation to regular operations.

The opening of the board means enterprises now have a capital market cultivation platform right at their doorstep, with standardized governance, financing matchmaking and listing incubation services delivered directly to enterprises.

Quality enterprises now have a growth channel to connect with higher-level capital markets, fully leveraging the "nursery" and "bridge" functions of enterprise cultivation to push more companies toward the New Third Board, the Beijing Stock Exchange and other higher-level capital markets.

Jilin's capital market capacity to serve the real economy has reached a new level, bringing together policy, industry, capital and professional forces to provide strong support for specialized, refined, distinctive and innovative enterprises to become stronger and better.

A Major Moment: The Board Officially Opens

At the opening ceremony, the first batch of 238 enterprises joined the board, covering key industries including advanced manufacturing, new materials, biomedicine, optoelectronic information and artificial intelligence, further strengthening the reserve force of quality small and medium-sized enterprises in the province connecting with capital markets and adding new momentum to the tiered cultivation of quality SMEs across the province.

"Green Channel" Implemented for the First Time as Three Companies Sign to Sprint Toward the New Third Board

At the ceremony, an important achievement was simultaneously realized. In April 2025, Jilin Equity Exchange signed a regulatory cooperation memorandum on the "green channel" between the third and fourth boards with the National Equities Exchange and Quotations, formally establishing a linkage mechanism between Jilin Province's regional equity market and the national equities exchange system.

At the event, three companies signed letters of intent to apply for New Third Board listing with Jilin Equity Exchange, pushing the "green channel" mechanism from exploration to implementation.

In addition, Jilin Equity Exchange, together with 30 professional service institutions including commercial banks, securities firms, accounting firms and law firms, released a joint initiative on capital market services to further consolidate market forces and improve the board's service ecosystem.

The board opening is not an endpoint but a new starting point. Jilin Province Industrial Investment Management Group and Jilin Equity Exchange will take the board opening as an opportunity to further leverage the functions of regional equity markets in enterprise standardization, financing services and listing connectivity, allowing more quality enterprises to grow vigorously in Jilin and injecting more surging capital vitality into the comprehensive revitalization of Jilin.

After the opening ceremony, the special training on capital market empowerment for corporate growth was held concurrently.