Ancient City of Pingyao well-prepared for share listing

Government officials of Pingyao county review and approve a report on a share market listing of the Ancient City of Pingyao, at a government meeting. [Photo/pingyao.gov.cn]

The government officials of Pingyao county, located in North China's Shanxi province, recently reviewed and approved a report on a stock market listing involving the Ancient City of Pingyao at a government meeting. 

Raising funds by listing stocks has become an important financing channel for enterprises. To date, more than 50 tourist companies have listed in China.

Local officials said that the Ancient City of Pingyao has met all the conditions for an equity listing.

They said the listing will benefit the development of the ancient city. 

It will attract large-scale investment to solve financial difficulties in improving and expanding the scenic spot, accelerate the upgrading of the tourism industry in the Ancient City of Pingyao and better help local cultural heritage protection. They said it will also further expand the popularity of the Ancient City of Pingyao.

The Ancient City of Pingyao in central Shanxi province, with a history dating back to 2,700 years, still retains the appearance of a county town in the Ming (1368-1644) and Qing Dynasties (1644-1911). 

In 1997, it was recognized as UNESCO World Cultural Heritage Site, being one of the only two ancient cities in China that was recognized by UNESCO.