Hebei Regulator Launches Capital Market Services in Baoding, Promotes REIT Filings
The Hebei Securities Regulatory Bureau, with the Shenzhen Stock Exchange, ICBC Hebei Branch and Caida Securities, launched a five-day capital market services programme in Baoding to channel resources to grassroots companies and support Beijing-Tianjin-Hebei integration. Field visits covered key enterprises including Baoding Xuanwo Turbine Power Equipment, whose output value rose 87.73% in 2025. The initiative also advanced REIT filings for over 1,000 affordable rental housing units. Hebei now counts 86 listed companies, up nearly 40% from the end of the 13th Five-Year Plan, with five valued above 100 billion yuan. Direct financing grew 11% during the 14th Five-Year Plan period.
The Hebei Securities Regulatory Bureau, together with the Shenzhen Stock Exchange, the Industrial and Commercial Bank of China (ICBC) Hebei Branch and Caida Securities, officially launched the "Capital Market Services for a Strong Provincial Economy: Yanzhao Tour - Entering Baoding" series in Baoding. The initiative aims to channel capital market resources to the grassroots and precisely serve Beijing-Tianjin-Hebei coordinated development. The five-day programme covers publicity and training, research visits, consulting and planning, and investment and financing matchmaking. Baoding, a key node in Beijing-Tianjin-Hebei coordinated development adjacent to Xiong'an New Area, is home to distinctive industrial clusters in automotive and parts, new energy equipment and biomedicine, and has strong demand for multi-tier capital market services.
During the event, research teams conducted field visits to key enterprises in Baoding and provided guidance on specific development issues. Baoding Xuanwo Turbine Power Equipment R&D Co. , Ltd. , which has built a differentiated advantage through a low-cost, self-developed technology route, saw output value grow 87.73% year on year in 2025, with products exported to multiple countries. Hebei Weidakang Biotechnology Co. , a high-tech enterprise in synthetic biology manufacturing, has established a full-chain platform covering strain construction, product development, industrial implementation and market sales, focusing on three core product tracks - terpenoids, polyphenols and beverages - with sustained growth in performance.
On the activation of existing assets, more than 1,000 units of affordable rental housing in Baoding's main urban area have been operating stably with consistently robust cash flow, laying the groundwork for public REITs applications. The event also facilitated face-to-face negotiations between high-quality private equity institutions from outside the region and local enterprises, focusing on cooperation in emerging industries and technology projects, resulting in a number of preliminary cooperation intentions.
Hebei's capital market has achieved notable development in recent years. As of June 2026, the province had 86 listed companies, an increase of nearly 40% from the end of the 13th Five-Year Plan period. Five listed companies, including Great Wall Motor and CSSC Specialty Gases, now have market capitalisation exceeding 100 billion yuan each. During the 14th Five-Year Plan period, the province's direct financing scale grew 11% from the 13th Five-Year Plan period. Two public REITs - for highways and data centres - were listed successively, raising more than 10 billion yuan in total. The balance of sci-tech bonds stood at approximately 200 billion yuan, while private equity fund management scale surpassed the 100 billion yuan mark. Going forward, the Hebei Securities Regulatory Bureau will continue to work with the Shanghai, Shenzhen and Beijing stock exchanges to carry out regular policy promotion, door-to-door guidance and project cultivation, helping convert industrial resources into capital advantages.