Core Viewpoint - The Beijing Stock Exchange (BSE) has established itself as a key platform for serving innovative small and medium-sized enterprises (SMEs) over the past four years, demonstrating significant improvements in functionality, market quality, and investor structure [1][2][5]. Functionality Enhancement - The BSE has effectively supported the development of specialized and innovative SMEs, contributing to the innovation of the real economy through successful IPOs and refinancing [2][3]. - The exchange has nurtured high-quality enterprises in sectors such as specialized equipment, high-end manufacturing, and medical services, thereby promoting economic transformation and high-quality development [2][3]. Market Complementarity - The establishment of the BSE has filled gaps between the main board, STAR Market, ChiNext, and the New Third Board, providing multi-tiered financing support for various types of enterprises [3]. - The BSE has optimized the market ecosystem and enhanced market vitality, becoming a core platform for serving innovative SMEs [3][5]. Growth and Expansion - The number of listed companies on the BSE has reached 274, with a total market capitalization exceeding 900 billion, and nearly 80% of these companies are SMEs [3][4]. - The BSE has seen a significant increase in market liquidity, with daily trading volumes rising substantially, attracting leading companies from niche sectors [4][6]. Investor Structure Improvement - The investor base has expanded significantly, with over 9 million qualified investors now participating, including a growing proportion of long-term funds such as social security and insurance funds [7][8]. - The BSE has transitioned from a predominantly retail investor base to a more professional one, with institutional investors playing a leading role [6][7]. Performance of Themed Funds - The average net asset value growth rate of BSE-themed funds has reached nearly 60% this year, with some funds achieving over 123% growth [9][10]. - The strong performance of these funds is attributed to policy support, market confidence recovery, and a focus on high-growth sectors [10][11]. Future Outlook - The BSE is entering a "dual-index" era with the launch of the North Certificate 50 Index and the North Certificate Specialized and Innovative Index, which is expected to enhance market liquidity and provide new investment opportunities [15][16]. - Continuous improvements in market structure and investor education are essential for the BSE to maintain its growth trajectory and attract high-quality enterprises [19].
北交所主题基金,最猛狂赚123%!
Zhong Guo Jing Ji Wang·2025-09-08 00:47