北交所下半年发行节奏有望提速

Group 1 - Dingjia Precision and Youli Intelligent have successfully registered with the CSRC, marking them as the eighth and ninth new stocks registered on the Beijing Stock Exchange this year, which is notable as both companies registered simultaneously [1] - The Beijing Stock Exchange has seen only 6 new stocks listed this year, making it the slowest among various boards, including the Sci-Tech Innovation Board and the Growth Enterprise Market [3] - Analysts suggest that the slow issuance of new stocks on the Beijing Stock Exchange is due to bottlenecks in the registration process, and the recent registrations are seen as a "make-up" for the slow pace [3] Group 2 - As of June 30, 2025, the Beijing Stock Exchange 50 index has experienced a significant increase of 39.45%, outperforming all major indices in the Shanghai, Shenzhen, and Beijing markets [3] - The approval process for new listings has remained strict, with the CSRC maintaining a tight issuance of approvals, yet the monthly review has continued to allow for 4 companies [4] - Analysts predict that with the improvement in the quality of new stocks, the issuance pace is expected to accelerate in the second half of the year, maintaining high participation and growth rates in the context of a low-interest-rate environment [4]