Optics Valley resident company Xingtu Xinke is listed on the Shanghai Stock Exchange. It became the 45th listed company from the zone, on Jan 6, 2020. [Photo/WeChat account of Optics Valley of China]

A total of 59 corporate residents of East Lake High-tech Development Zone -- also known as Optics Valley of China, located in Wuhan, capital of Central China's Hubei province -- have been selected on two lists of promising companies for stock exchange listing.

That's according to May 26 news report on the public WeChat account of the zone.

According to zone officials, the two annual provincial lists of "Golden Seed" and "Seed of sci-tech innovation board, or STAR Market" companies with listing potential selected 100 and 53 enterprises, respectively.

Of the total, 20 and 39 Optics Valley firms were selected on the two respective lists.

Officials said the lists are drawn up from recommendations from all cities of the province and are finally determined after expert reviews and consultation with local financial departments and members of the leading provincial enterprise listings group.

Officials added that the lists remain valid until Dec 31, 2021. For those selected "seed" enterprises, the province will give priority support from policies, listings services and other aspects.

Currently, there are 45 stock exchange listed companies resident in Optics Valley.

There are additional four other companies in the verification process for a STAR Market listing, one is in the verification process for a Hong Kong Stock Exchange listing and three are under guidance for a future listing.