Group 1 - The Beijing Stock Exchange (BSE) has achieved significant milestones in its four years of operation, with 274 quality small and medium-sized enterprises (SMEs) listed and a total market capitalization exceeding 900 billion yuan [1][2] - The BSE has established a multi-tiered capital market system, facilitating the growth of innovative SMEs through various listing standards, including provisions for unprofitable companies [2][3] - The BSE has implemented measures to enhance the quality of information disclosure among listed companies, which is crucial for investor decision-making [4][5] Group 2 - The BSE has seen a substantial increase in liquidity, with an average daily trading volume reaching approximately 29.15 billion yuan, nearly quadrupling from the previous year [5][6] - The introduction of the "North Certificate 50 Index" and the "North Certificate Specialized and Innovative Index" marks the BSE's entry into a dual-index investment era, attracting more institutional investors [6][7] - The BSE aims to further enhance its attractiveness and competitiveness by optimizing listing standards and encouraging long-term capital inflows from various institutional investors [8][9]

证券研究报告·北交所报告·北交所定期报告 ◼ 【数据】中国移动通信联合会区块链与数据要素专业委员会现面向全国 征集"RWA 生态合作伙伴"。将在生态合作伙伴中遴选 20 家单位成立 "RWA 联合实验室"，从数据资源整合、技术研发、资金配套等方面 全方位赋能，推动 RWA 与数据要素的协同创新。 RWA 生态合作伙伴 需是面向全国从事资产数字化、数据要素融合应用、技术研发、交易流 通及服务支持的企事业单位，需具备 RWA 与数据要素协同发展的能力 或场景。此前上海数交所已推动落地我国农业领域首个 RWA 项目"马 陆葡萄"，将种植生产数据上链，完成 1000 万元融资。我们认为数据 产品化是数据资产化、资本化的基础，目前海外和国内均已有前沿落地 案例，建议关注高质量数据集建设。 北交所定期报告 20250629 市场交投活跃，看好北证 50 温和上涨趋势 2025 年 06 月 29 日 行业重要新闻： ◼ 北交所首单科技创新绿色公司债券成功发行。2025 年 6 月 25 日，中交 一公局集团有限公司在北京证券交易所（以下简称北交所）公开发行北 交所首单科技创新绿色短期公司债券。本期债券由中信证券担任牵头主 ...