THE Gujin Group from Fuyang, in Anhui province, is seeking to list on the Shanghai stock exchange. Yin Zhengchang, the region's government secretary, said in Hong Kong yesterday the winery had applied to the China Securities Regulatory Commission for listing by the end of the year. If approved, it will be the first winery on the exchange. Mr Yin said Gujin planned to issue B shares because approval would be easier than for A shares. It aimed to raise about 60 million yuan to expand production capacity. Gujin produces the gujin spirit, which has 53 per cent alcohol content. It is the second most famous liqueur after mao tai. The Gujin winery was built in 1960s and has a current production capacity of six tonnes a year. Turnover is expected to reach 700 million yuan this year. Mr Yin declined to specify the amount of profits. 'The group plans to expand production capacity to 10 tonnes a year with the proceeds raised from listing,' Mr Yin said. He said the demand for gujin was very strong. About 10 per cent of its output was exported.