国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

False paper money company aims for stock market listing

By Qiu Quanlin (China Daily) Updated: 2015-12-28 08:13

Selling false paper money, used on traditional occasions to pay respects to ancestors, is not the only business for a Chinese folk culture company, which is applying for listing on the stock market.

Guangdong Yixiang Folk Culture Co, which produces and sells products including false paper money that is mainly used in ancestor worship and sacrificial ceremonies, applied to the National Equities Exchange and Quotations to be listed on the New Third Board, aiming to facilitate its business expansion.

The New Third Board, which was launched in late 2012, has so far attracted some 2,500 firms, mostly in the technology sector.

"As a folk culture company, we are not only selling products for the purposes of worship and sacrifice, but we are also promoting traditional Chinese culture, especially to overseas Chinese people," said Xu Shaohong, general manager of Yixiang.

According to Xu, the company has introduced advanced technologies in processing and developed a team in research and design.

Yixiang, based in Shantou, Guangdong province, now makes more than 200 products, which are mainly sold in Southeast Asian countries and regions including Singapore, Malaysia and Hong Kong, with sales reaching nearly 40 million yuan ($6.18 million) in the first nine months of this year.

"The application for listing on the stock market is based on a fast growing market demand for products used in ancestor worship and sacrificial ceremonies in Southeast Asia," said Xu.

Overseas Chinese people in Southeast Asia, whose ancestors were mainly from Guangdong and Fujian provinces, have developed the habit of paying respect to their ancestors on some important occasions by using false paper money and other memorial products.

According to industrial sources, the market value for worship and sacrificial products in Malaysia exceeds 10 billion yuan a year.

The company also plans to sell its products in Thailand and Myanmar, Xu said.

Hot Topics

Editor's Picks
...
阳朔县| 南溪县| 友谊县| 广德县| 罗源县| 收藏| 林芝县| 三门峡市| 慈利县| 邵武市| 兴和县| 合江县| 桦川县| 攀枝花市| 郯城县| 伊宁县| 夏邑县| 寻甸| 泌阳县| 伽师县| 苍南县| 萨迦县| 通化县| 临武县| 玛曲县| 夏津县| 瑞丽市| 隆尧县| 淮北市| 筠连县| 台南县| 睢宁县| 南澳县| 高清| 石楼县| 蒙阴县| 县级市| 建宁县| 柳州市| 资阳市| 洛浦县|