A total of 44 enterprises in Tianhe district made the list of the top 100 pre-IPO high-tech enterprises in Guangzhou in 2022 and the list of the top 100 backup pre-IPO high-tech enterprises in Guangzhou in 2022.

The lists were selected by combining "model scores + expert surveys" of nearly 12,000 high-tech enterprises in the city, with the scores determined by the perspectives of enterprises' operation capacity and growth potential, their scientific research ability, as well as their innovation capabilities.

A press conference is held to announce the list of the top 100 pre-IPO high-tech enterprises in Guangzhou in 2022. [Photo/Nanfang Plus]

"High-tech enterprises are the main force behind scientific and technological innovation, and are essential for Guangzhou to achieve high-quality development and build a city with strong scientific and technological innovation," said Gong Hongwu, deputy director of the Guangzhou bureau of science and technology.

Through the lists, Guangzhou will fully make use of the power of the market, as well as promote 100 high-tech enterprises to be listed in the next five years, Gong added.

The number of high-tech enterprises in Guangzhou has risen from 1,919 in 2015 to 12,000 in 2021. By the end of September 2022, there are 105 listed high-tech enterprises in Guangzhou, accounting for 75 percent of the total listed enterprises in the city.