Core Insights - The Beijing Stock Exchange (BSE) has achieved significant growth in its four years of operation, with the number of listed companies increasing from 81 to 282, representing a growth of approximately 248% [2][3] - The BSE has successfully attracted a large number of innovative small and medium-sized enterprises (SMEs), with over 80% of listed companies being SMEs and nearly 90% being privately owned [1][2] - The BSE's market performance has improved, with a notable increase in IPOs and new stock listings, leading to enhanced market liquidity [1][4] Market Performance - As of November 14, the BSE has 282 listed companies, with over 200 new listings in four years, significantly outpacing other A-share segments [2][3] - The average revenue of BSE companies reached 520 million yuan, with over 80% of companies reporting profitability [2][3] - The North Star 50 Index has shown strong performance, with a cumulative increase of over 40% since September 24, 2023 [4][5] Liquidity and Market Structure - The BSE has focused on improving liquidity, which has been a challenge due to the smaller size of listed companies [3][6] - Recent policy measures, including the accelerated launch of the North Star 50 ETF and optimization of market-making systems, are expected to enhance liquidity [6][7] - The introduction of new trading mechanisms and the encouragement of long-term institutional investment are key strategies for improving market liquidity [7][8] Future Development Plans - The BSE aims to enhance its market functions by refining listing standards, improving merger and acquisition regulations, and expanding its bond market product offerings [8][9] - The exchange plans to promote the establishment of more public funds focused on small and medium-sized stocks to facilitate investment [8][10] - The BSE is also looking to deepen international cooperation and increase its market's internationalization [10][11]
北交所开市四周年：上市公司增逾200家 下阶段改革任务明确
Di Yi Cai Jing·2025-11-14 08:36