Under the new situation of rapid economic recovery in post-epidemic period, it is an urgent question that how to play an important supportive and leading “locomotive” role in the high-quality development of advanced manufacturing clusters in our city. 

It is an important solution that it can actively utilize foreign capitals to develop the global layout of private manufacturing enterprises. As mentioned in the Government Work Report, Taizhou will do its best to use foreign capitals of 450 million dollars in practice this year. Rooted the concept of “Extensive reproduction of local enterprises is a method to attract investment”, It will also pay more attention to the capital expansion projects.

“China Capital Market Forum, where New Gonow Group has been recently attended, revealed the information that it would be more difficult for listing in domestic capital market. Meanwhile, Notice on Strengthening Financial Support Measures for the Development of the Private Economy, jointly issued by eight Departments of China on November 27, 2023, proposed that the qualified private enterprises could go for overseas listing and make good use of the two markets and two resources.” Miao Xuezhong, a member of the Municipal CPPCC and chairman of New Gonow Group, said. Therefore, it is necessary to fully support private enterprises to go overseas for listing in order to meet the reasonable financing needs of enterprises.

"It's a great opportunity. The domestic new energy vehicle enterprises are too “studious” now, but it both has disadvantages and advantages. The disadvantage is that excessive competition slows down the pace of development and increases the difficulty of listing for enterprises, while it is advantageous that the elements such as quality and price of products become extremely competitive in the international market for overseas listing." Miao Xuezhong said.

New Gonow Group has already developed in the Australian market early in 2014, and it has now formed the development mode of close linkage with China-Australia-Europe in whole industrial chain by continuous expansion in overseas markets.

For how to help enterprises for overseas listing, Miao Xuezhong suggested the municipal government should timely release the policies facilitated for overseas listing of private enterprises, optimize featured services related to cross-border finance and foreign exchange, and support private enterprises to “export” and “import”. The policies facilitated for cross-border financing should be better implemented to help enterprises for overseas listing in order to offer important force for the high-quality development of advanced manufacturing clusters in our city.