Xin Hua Wang·2025-08-12 05:47Group 1 - The Beijing Stock Exchange (BSE) has become a competitive arena for both small and large securities firms, with major firms now actively participating in this market [1] - Recently, Dongang Technology, sponsored by China Merchants Securities, submitted its IPO application to the BSE, marking a significant move by large securities firms [1] - In 2022, the ranking of IPO underwriting amounts at the BSE saw CITIC Securities rise from 19th to 1st place, indicating a growing presence of large firms in this sector [1][2] Group 2 - In 2023, CITIC Securities led the BSE IPO underwriting with an amount of 1.31 billion yuan, a significant increase from 299 million yuan in 2022 [2] - The number of IPOs underwritten by CITIC Securities increased from 1 in 2022 to 5 in 2023, moving its ranking from 27th to 3rd place [2] - Other large securities firms, such as CITIC Jiantou and CICC, have also made notable entries into the BSE market, with 6 out of the top 10 underwriters being large firms in 2023 [2] Group 3 - CITIC Jiantou is focusing on supporting specialized and innovative small and medium enterprises (SMEs) to enhance their development and improve service quality [3] - The firm aims to build a comprehensive service system that integrates investment banking and research-driven development for the BSE [3] Group 4 - Major securities firms are increasing their investments and market-making activities, with CITIC Jiantou announcing a partnership to establish a fund aimed at supporting high-quality development at the BSE [4] - The fund will primarily invest in high-quality enterprises and emerging industries, with over 60% of its capital directed towards companies planning to list on the BSE [4] - CICC has also become a market maker for the BSE, joining the ranks of 15 other firms that were established as market makers when the trading business launched in February 2023 [4][5] Group 5 - The China Securities Regulatory Commission released special regulations for market-making at the BSE, facilitating the expansion of market makers [5] - CICC quickly entered the market-making sector at the BSE after obtaining qualifications from the Sci-Tech Innovation Board [5]