四载深耕 聚新成势 北交所提质增效持续护航新质生产力

Core Insights - The Beijing Stock Exchange (BSE) has achieved significant growth in its four years of operation, focusing on serving innovative small and medium-sized enterprises (SMEs) and enhancing market quality and efficiency [1][2][8] Market Development - The number of listed companies on the BSE has reached 282, with over half being national-level specialized "little giant" enterprises, and more than 80% from strategic emerging industries and advanced manufacturing [1][2] - The BSE 50 Index has seen a year-to-date increase of approximately 50%, with cumulative dividends nearing 20 billion yuan [1][6] Financing and Support - The BSE has facilitated over 60 billion yuan in cumulative financing for SMEs, averaging about 2 million yuan per company, demonstrating a commitment to inclusive finance [3][6] - Nearly 80% of listed companies are SMEs, with over 90% being private enterprises, indicating a strong focus on supporting the private sector [3][6] Performance and Resilience - As of October 30, 2023, the average revenue for BSE-listed companies was 520 million yuan, reflecting a year-on-year growth of 5.99%, while the average net profit was approximately 33 million yuan, with a profitability rate of 82.44% [3][4] Market Functionality - The BSE has developed a dual-channel financing model, enhancing both equity and debt financing options, including various types of bonds to support innovation [5][6] - The exchange has issued over 13 trillion yuan in government bonds and supported local government bond issuance exceeding 990 billion yuan [6] Investor Protection - The BSE emphasizes investor protection through stringent monitoring and regulation, with over 90% of listed companies distributing dividends, totaling approximately 19.86 billion yuan [7][8] Future Outlook - The BSE aims to deepen reforms and enhance its service to innovative SMEs, focusing on optimizing listing standards and improving the adaptability of its regulatory framework [8][9] - Plans include the introduction of the North Exchange 50 ETF to attract stable passive investment and improve market vitality [9]