(Yicai Global) Jan. 26 -- Companies listed on the Shenzhen Stock Exchange, such as Contemporary Amperex Technology, raised CNY391.4 billion (USD60.4 billion) last year, more than doubling from a year ago amid strong stock market performance.

The number of new share or bond issuances reached 260, climbing almost two times from 2019, the SZSE said in a statement yesterday. Some of the big names were battery maker CATL, which raised CNY19.7 billion via private placement, and telecoms giant ZTE with its CNY11.5 billion.

The preferred method of improving financial status was issuing new common stock via private placement. The number of such share sales almost tripled to 129 with a total tally of CNY235.8 billion, more than six times that of 2019.

Companies arranged 127 convertible bond issuances over the year, almost doubling, while raising CNY130.6 billion, up by more than two times. Both of the figures were historic highs.

Besides the two popular methods of fundraising, the bourse helped firms conduct 11 share allotments to current shareholders, as well as complete two preferred stock sales and one public issuance of stock.

Companies listed on the SZSE announced 665 refinancing plans last year, nearly a twofold increase, to raise CNY867.3 billion, up by 40 percent.

Editor: Emmi Laine