Good news has come that the first half of this month has seen enterprises in Hangzhou listed at Hong Kong Stock Exchange, with yesterday’s listing of New Century Hotel Management Co., Ltd., the second local corporation in Hangzhou so far this year.

A memorandum of Cooperation was signed in last September between Hangzhou municipal government and Hong Kong Stock Exchange, jointly forwarding better development of emerging economic enterprises in Hangzhou in the capital market of its counterpart, according to the official in Financial Office of Hangzhou.

There are 7 more having submitted the application for listing, disclosed by the official, and results will arrive in 6 to 9 months.