Core Viewpoint - The Beijing Stock Exchange (BSE) has shown steady development over its four years, successfully serving as a platform for innovative small and medium-sized enterprises (SMEs) and contributing to the construction of a multi-tiered capital market system [3][6]. Market Performance - As of September 1, 2025, the BSE has 274 listed companies with a total market capitalization exceeding 900 billion yuan, representing an increase of over three times since its inception [4][5]. - The average revenue of BSE companies in the first half of the year was 336 million yuan, with a year-on-year growth of 6.01%. Approximately 82.12% of these companies reported profits [5][6]. - The number of qualified investors has grown by about 5 million since the exchange opened, reaching over 9 million [5][6]. IPO and New Listings - In the first half of the year, the BSE led the A-share market in IPO applications, with 115 out of 177 applications directed to the BSE, marking a 453% increase from the previous year [8][9]. - New stock offerings have attracted significant investor interest, with the recent listing of Hongyuan Co. drawing 678,100 investors and freezing a record 74.08 billion yuan in funds [10][11]. Market Liquidity and Index Performance - The North Index 50 has seen a nearly 40% increase, outperforming other major indices in the A-share market [11][12]. - The liquidity of the BSE has improved significantly, with increased trading volume and turnover rates, attracting long-term institutional investors [11][12]. Future Expectations and Reforms - There are high expectations for further reforms, particularly the implementation of the "Deep Reform 19 Measures" and the acceleration of the 920 code transition [12][13]. - Experts suggest enhancing the listing system, reducing implicit costs, and improving the efficiency of the review process to attract more quality SMEs [14][15].
北交所四周年总市值超9000亿
第一财经·2025-09-02 06:19