The domestic shoe giant Aokang Group is national largest private own shoemaker that produced 17 million pairs of shoes last year. The group president Wang Zhentao said Wenzhou shoemakers are lagging behind on financial market compared with the industry in Quanzhou city, no one footwear in Wenzhou city is listed in the stock market so far.
The most important reason for Aokang deciding to be listed in the security market is its rival of Belle International, who expanded rapidly since going public in Hong Kong stock market.
We are late, but late are better than never, if we are aided by stock market we could grow larger and powerful, said Wang Zhentao.
