Core Viewpoint - The China Securities Regulatory Commission (CSRC) is actively working on launching the Beijing Stock Exchange (BSE) index and a mixed trading system to address current market challenges and enhance liquidity [1][2]. Group 1: BSE Index - The introduction of the BSE index will facilitate investors in tracking market conditions and establishing performance benchmarks for investment products, thereby attracting new capital [1]. - Currently, there are 89 stocks listed on the BSE, and with an acceleration in new stock issuances in May, the market is expected to expand rapidly, meeting the quantitative requirements for index compilation [1][2]. - The BSE index will allow public funds to develop index funds based on the index, enabling investors who do not meet the 500,000 yuan threshold to trade in the BSE market through public funds, which will enhance the BSE's influence and promote stable development [1]. Group 2: Mixed Trading System - The mixed trading system aims to improve market liquidity and is considered feasible from a hardware perspective, although it requires further theoretical research and practical operational rules [2][3]. - The implementation of the mixed trading system is expected to enhance value discovery, stabilize market price fluctuations, and improve trading efficiency by allowing continuous bidding and market-making for the same stock [3]. - The experience gained from the New Third Board's market-making system, which has been in operation for over seven years, will benefit the BSE as market makers are already familiar with many of the listed companies [2][3].

奥迪威6月14日在北京证券交易所上市，至此，北交所上市公司数量增至97家。随着上市公司数量 增长，业内人士认为，北交所指数编制已具备数量上的条件。在市场各方看来，推出北交所指数有利于 吸引长期增量资金，便利市场开发指数产品，提升市场价值发现功能。 推出时机成熟 市场人士普遍认为，推出北交所指数条件基本成熟。 在技术方面，根据北交所1月中旬公示的北交所指数委托管理项目采购信息，北交所委托中证指数有限 公司进行指数开发、维护和实时计算管理等。政策层面，4月，北京市"两区"工作领导小组召开会议时 强调，抓紧推出北交所指数，营造优良金融生态，鼓励投行、资管等机构开发产品、拓展业务，积极吸 引长期投资者和外资参与。证监会网站5月10日消息，证监会副主席王建军在接受媒体采访时表示，研 究推出北交所指数和混合交易制度。北交所相关人士也多次公开表示，研究发布北交所指数，动员市场 开发指数产品，推动落地北交所混合交易等制度，丰富市场交易工具和交易策略，着力降低市场参与成 本，增加交易便利。 "目前，推出北交所指数时机基本成熟，已具备指数编制方案、板块运行、样本数量、技术准备四大基 础。"在北京南山投资创始人周运南看来，北交所指 ...