北交所发布北证专精特新指数，首发样本成长性和创新性突出

Core Viewpoint - The Beijing Stock Exchange (BSE) is set to launch the "BSE Specialized, Refined, Unique, and Innovative Index" on June 30, 2024, to reflect the overall performance of specialized and innovative enterprises listed on the exchange, providing diverse investment targets and performance benchmarks [1] Group 1: Index Overview - The BSE Specialized, Refined, Unique, and Innovative Index will include 50 large-cap "little giant" companies, selected based on liquidity and market capitalization, to represent the operational status of specialized and innovative enterprises on the BSE [2] - The index will have a base date of June 28, 2024, with a base point set at 1000 [2] - The index aims to highlight growth and innovation, covering key sectors such as biomedicine, high-end equipment manufacturing, new materials, and new-generation information technology [2] Group 2: Sample Selection Criteria - The sample selection requires companies to have been listed for over six months, with an average daily market capitalization ranking in the top five of the BSE and a total market capitalization exceeding 10 billion [2] - Companies under delisting risk or other warning categories are excluded from the sample [2] - The index emphasizes high R&D investment, with a projected total R&D expenditure of 1.79 billion in 2024, a 2.6% increase year-on-year, accounting for 5.6% of revenue, significantly above the market average [2] Group 3: Index Characteristics - The index aims to objectively reflect the operational status of specialized and innovative enterprises, with unique settings for liquidity thresholds and periodic adjustments [3] - It will exclude the bottom 30% of securities based on average daily trading volume to facilitate market investment [3] - Sample adjustments will occur semi-annually, with a maximum adjustment limit of 20% per instance, allowing for the inclusion of up to 10 new companies [3] Group 4: Comparison with BSE 50 Index - The BSE Specialized, Refined, Unique, and Innovative Index differs from the BSE 50 Index in sample selection methods, adjustment timing, and quantity [4] - The BSE Specialized Index excludes the bottom 30% of securities based on trading volume, while the BSE 50 Index excludes the bottom 20% [4] - The BSE Specialized Index will undergo semi-annual reviews, whereas the BSE 50 Index will be reviewed quarterly, with different adjustment proportions [4]