According to the Securities Regulatory Bureau of Tibet Autonomous Region, China Securities Regulatory Commission has approved the application of Tibet Huayu Mining Co., Ltd. via initial public offering recently. The company will soon be listed on the Shanghai Stock Exchange, the 13th listed one in Tibet. 

Established in 2002, Tibet Huayu Mining Co., Ltd. specializes in mining, processing and sales of nonferrous metals such as lead, zinc and copper as well as solid mineral exploration. Currently, it has two production-oriented mines and four prospecting projects, a mining enterprise with relatively large production scale and better effectiveness.  

Recent years have seen rapid economic and social development in Tibet. Since 1995 when Tibet Pearl Star Co., Ltd. was listed, the capital market of Tibet has kept growing in both scale and category of entities. A capital market system with complete category of entities and improving functions has taken shape, vitalizing the economy of Tibet.   

By 2015, there had been 12 listed companies in Tibet, mainly distributed in food and beverage production, tourism, pharmaceuticals, mineral exploitation, building materials, Tibetan medicine and other industries. Of the total, 11 companies are A-share listed and one H-share. Their total market value reached 140.76 billion yuan (21.66 U.S. dollars), exceeding the regional GDP in 2015.