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One year on, Beijing Stock Exchange bolsters development of SMEs

Updated: Sep 8, 2022 chinadaily.com.cn Print
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A food deliveryman rides past the Beijing Stock Exchange. [Photo by Zhang Kaixin/For China Daily]

The Beijing Stock Exchange is already one year old. The bourse, which adopts the registration-based initial public offering system, was initiated at the China International Fair for Trade in Services on Sept 2 last year and started trading on Nov 15. It has become an accelerator, turbo-charging the growth of innovation-oriented small and medium-sized enterprises.

Photo taken on Nov 15, 2021 shows a display of logos of companies debuting on the Beijing Stock Exchange, in Beijing, capital of China. [Photo/Xinhua]

- As of Sept 2, a total of 110 companies have been listed on the exchange, with a total market capitalization of nearly 200 billion yuan ($28.84 billion).

Photo taken on Nov 15, 2021 shows an exterior view of the office building of the Beijing Stock Exchange, in Beijing, capital of China. [Photo/Xinhua]

- At present, small and medium-sized enterprises account for 77 percent of the listed companies, and private enterprises account for 90 percent.

Staff members are busy at work at the Beijing Stock Exchange on Sept 14, 2021. [Photo by Dai Bing/for China Daily]

- More than 80 percent of the listed companies are from strategic emerging industries and advanced manufacturing, covering industrial materials, information technology and healthcare industries.

Photo taken on Nov 15, 2021 shows a scene at the opening ceremony of the Beijing Stock Exchange, in Beijing, capital of China. [Photo/Xinhua]

- Among the listed companies, 23 have been recognized by the Ministry of Industry and Information Technology for their special roles in a niche sector, high market share and innovative capacity.

Cai Qi, a member of the Political Bureau of the 19th Central Committee of the Communist Party of China and secretary of the CPC Beijing Municipal Committee, and Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the Beijing Stock Exchange. [Photo/Xinhua]

- These listed companies have raised over 23.5 billion yuan through their initial public offerings, which averages 210 million yuan for each firm.

Photo taken on Feb 17, 2022 shows an interior view of the Beijing Stock Exchange, in Beijing, capital of China. [Photo/VCG]

- Nearly 80 percent of the raised funds went for innovative sectors such as green low-carbon, digital economy, high-end equipment manufacturing and new material.

The Beijing Stock Exchange's nameplate is installed on Nov 14, 2022. The new bourse started trading the following day. [Photo/Agencies]

- The bourse has seen more than 5.13 million investors. Three qualified foreign institutional investors and two renminbi qualified foreign institutional investors have participated in BSE trading.

Photo taken on Feb 17, 2022 shows an interior view of the Beijing Stock Exchange, in Beijing, capital of China. [Photo/VCG]

- The average daily turnover of trading reached 1.03 billion yuan as of Aug 25. According to the bourse, it took an average of 140 days for a project's IPO auditing and approval on the BSE.

Photo taken on June 21, 2022 shows an interior view of the Beijing Stock Exchange, in Beijing, capital of China. [Photo/VCG]

- During the first half of this year, 90 percent of listed companies reported profits. These companies had nearly 44.15 billion yuan in revenue, while their net profits totaled 4.28 billion yuan.

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