English|Beijing Bourse Sees Over 5 million Qualified Investors
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BEIJING, September 5 (TMTPOST) – The one-year-old Beijing Stock Exchange (BSE) has attracted over 5 million qualified investors while the Social Security Fund, insurance funds, QFII and mutual funds have flowed into the new capital market, the Chairman of the exchange has told a conference.
Zhou made the remarks at the China International Fair for Trade in Services 2022.
At present, the BSE has achieved a total of 23.5 billion yuan ($3.48 billion) of public offering financing, with an average of 210 million yuan ($31.06 million) per company. According to Zhou, BSE has served more than 110 innovative SMEs with the amount of financing typically for one large enterprise, providing support for these SMEs to cope with the impact of the pandemic and continue their innovative development.
Through listing and financing, enterprises' R&D momentum has increased. In 2021, the R&D expenditure of companies listed on the BSE increased by 42% year-on-year, with an average R&D intensity of 4.6, three times that of enterprises above the designated size.
As for individual and institutional investors, the qualified investors of the BSE have exceeded 5 million households, social security funds, insurance funds, and QFII have entered the market, and over 500 public funds have been included in the market.
Unlike traditional IPOs, companies listed on the BSE have to be listed on the National Equities Exchange and Quotations (NEEQ), also known as the New Third Board, for one year before listing. There are also views that this affects the efficiency of the listing of enterprises.
As for SMEs, the success rate is not high if they rush to declare their listing without adequate preparation and a solid foundation, and even if they are listed, it may affect the subsequent development. By listing first, the enterprise is equivalent to accepting the supervision department's counseling in advance and can make full use of the close supervision and service during the listing period to find out and solve the problems in advance, so that the foundation can be firmly laid and the listing will naturally come, Zhou responded.
【English|Beijing Bourse Sees Over 5 million Qualified Investors】In terms of trading, the convenience of trading will be the aim, and multiple measures to continuously explore and improve the diversified trading mechanism in line with the characteristics of the market will be adopted, Zhou added.
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