“十五五”如何建设创新型中小企业主阵地，北交所董事长发声

Core Viewpoint - The Beijing Stock Exchange (BSE) aims to enhance its role in supporting innovative small and medium-sized enterprises (SMEs) during the 14th Five-Year Plan period, focusing on four key dimensions to improve its service capabilities [1][3]. Group 1: Achievements in Supporting SMEs - The BSE has successfully gathered a significant number of quality innovative SMEs, with over 280 listed companies, more than 80% being SMEs and nearly 90% being private enterprises, including over half being national-level specialized and innovative "little giant" enterprises [3]. - A tailored institutional framework for SMEs has been established, allowing precise and inclusive market access, supporting growth-stage and unprofitable companies to go public, and introducing a market-making trading mechanism [3]. - The BSE promotes a shared market ecosystem, with over 90% of listed companies distributing dividends and nearly 9.5 million qualified investors participating, fostering a favorable environment for companies, intermediaries, and investors [3]. Group 2: Enhancements in Functionality - The BSE will focus on key tasks during the 14th Five-Year Plan, enhancing support for major strategies and sectors, optimizing listing standards, and improving merger and acquisition regulations to attract financial resources to critical technology areas [4]. - The BSE aims to solidify the New Third Board's nurturing function by deepening reforms and enhancing its appeal, creating a comprehensive service system for companies throughout their lifecycle [4]. - The BSE plans to expand its bond market product offerings, including regular government bond issuance and more specialized bonds like tech and green bonds [4]. Group 3: Strengthening Market Foundations - The BSE emphasizes improving the quality of listed companies through a comprehensive regulatory mechanism, ensuring strict entry standards, and enhancing ongoing supervision [5]. - The BSE supports listed companies in optimizing their operations through refinancing, mergers, and shareholder returns, while also fostering long-term capital investment [5][6]. - Investor rights protection will be prioritized, with measures to combat illegal activities and maintain a fair market environment [6]. Group 4: Improving Service Friendliness - The BSE will respond to market demands by enhancing product systems, service frameworks, and technological systems, including the introduction of new trading products and improved communication mechanisms [6]. - The BSE aims to create a digital and intelligent exchange, integrating technology with business operations to enhance service capabilities [6]. Group 5: Fostering an Open Ecosystem - The BSE will adopt an open-market approach, enhancing collaboration with government departments to support the development of specialized and innovative enterprises [7]. - The BSE will strengthen connections with market institutions, encouraging financial entities to provide more services to innovative SMEs [7]. - The BSE will deepen international cooperation, exploring opportunities for collaboration in various aspects, including enterprises, investors, and products [7].