资深新三板评论人周运南：北证专精特新指数正式上线 北交所步入双指数时代

Core Viewpoint - The launch of the North Certificate Specialized, Refined, Unique Index marks the entry of the North Exchange into a dual-index era, providing a benchmark for the performance of specialized and innovative small giant companies listed on the exchange [1][5]. Group 1: Index Details - Index Code: 899601; North Certificate 50 Index Code: 899050 [1] - Sample Space: Currently, there are 139 specialized and innovative "small giant" enterprises on the North Exchange [2]. - Sample Time: Companies must have been listed for at least six months, with a total market capitalization exceeding 10 billion, and must rank within the top five in average daily total market capitalization since listing [2][3]. - Sample Cycle: The index samples will be adjusted every six months, with adjustments taking effect on the next trading day after the second Friday of June and December [2]. - Review Cut-off Date: The last natural day of the second month before the adjustment takes effect, specifically April 30 and October 31 [3]. - Selection Method: Securities are ranked by average daily trading volume over the past six months, with the bottom 30% excluded, followed by selecting the top 50 based on average total market capitalization [3]. - Negative List: Companies under delisting risk warnings or other risk warnings are excluded, ensuring only those with good operational status and no significant financial issues are included [3][4]. - Base Date and Points: The base date is set for June 28, 2024, with a base point of 1000; the North Certificate 50 has a similar base point [4]. - Sample Weight: No single sample can exceed 10% weight, and the top five samples combined cannot exceed 40% [4]. - Adjustment Quantity: Adjustments will generally not exceed 20% or 10 companies, with a backup list of five companies [4]. Group 2: Significance of the Index - The North Certificate Specialized, Refined, Unique Index reflects the maturity of the North Exchange, which has only had the North Certificate 50 Index until now, indicating a need for diversified indices [5]. - The index highlights the North Exchange as a hub for specialized and innovative enterprises, with over half of its listed companies being national-level small giants [5]. - The introduction of this index suggests that the North Exchange may continue to develop more specialized and industry-specific indices in the future [5]. - As the first specialized index in the market, it emphasizes the North Exchange's role in supporting innovative small and medium-sized enterprises with strong growth potential [5]. - The launch of the index opens opportunities for public fund institutions to develop corresponding fund products, attracting new capital to the North Exchange [5][6]. - Companies listed on both the North Certificate 50 and the new index may benefit from increased investor interest and funding [6]. - The North Exchange is actively preparing for the launch of an ETF based on the new index, which is highly anticipated by market participants [6].