Original title: The overall operation of the Beijing Stock Exchange has been stable since the opening of the market. The stocks of the Beijing Stock Exchange rose by an average of 98.9%. Source: Guangzhou Daily
Since the opening of the market, the overall operation has been stable and the wealth effect has initially appeared
Beijing Stock Exchange stocks rose an average of 98.9%
“Since the opening of the Beijing Stock Exchange, the overall operation has been stable, the market effect has been continuously exerted, major reforms have achieved positive results, and the ecology has undergone positive changes. The stock has risen by an average of 98.9%, almost doubled, and the wealth effect has initially appeared.” Beijing Stock Exchange (Hereinafter referred to as “Beijing Stock Exchange”) Chairman Xu Ming said. On January 9th, the reporter learned from the official website of the Beijing Stock Exchange that at the “26th China Capital Market Forum” held on January 8, Xu Ming pointed out that the opening effect of the Beijing Stock Exchange continued to be released and the ecology had undergone positive changes. This is reflected in the strengthening of the legal status of the New Third Board, greater policy support, and a more complete market structure.
Text, Table/Wang Chuhan, All Media Reporter, Guangzhou Daily
The next step is to firmly grasp the key to “supporting innovation and development”
Xu Ming mentioned that since the opening of the market, market functions have recovered significantly. The average daily turnover has increased by 3.04 times compared with the select layer before the establishment of the Beijing Stock Exchange, and the overall annualized turnover rate has reached 434.26%, which is in line with the characteristics of SME stock liquidity.
In addition, since the establishment of the Beijing Stock Exchange, stocks have risen by an average of 98.9%, almost doubled, and the wealth effect has initially appeared. The number of investors has also increased significantly. In 2018, there were more than 200,000 new third-board investors. Before the establishment of the selection layer and the opening of the Beijing Stock Exchange, there were 1.7 million investors, and now it has reached 4.75 million investors. At the same time, due to the driving effect of the Beijing Stock Exchange, the innovation layer and the basic layer also increased the turnover of the year by 19.76%.
Regarding the next development of the Beijing Stock Exchange and the New Third Board market, Xu Ming pointed out that currently, the Beijing Stock Exchange has been opened for less than two months, and it is still in the initial stage of scale construction and characteristic system function construction. It has a good capital market culture and early investment. Investing in small and new ecosystems needs to be sustained and stable.
In the next step, the Beijing Stock Exchange and the New Third Board will closely focus on innovative small and medium-sized enterprises, firmly grasp the key to “supporting innovation and development”, always focus on the direction of building the main position, and do a good job in the four “persistences” of insisting on dislocation development and insisting on integrated development. “.
Regarding the “innovation” of innovative small and medium-sized enterprises, Xu Ming pointed out that it is necessary to deeply understand that small and medium-sized enterprises cover all walks of life across the country. Their innovation is not only reflected in emerging industries, but also in traditional industries. Innovation subjects not only include manufacturing. The main “specialized, special and new” small and medium-sized enterprises also include small and medium-sized enterprises with outstanding strategic emerging and innovative capabilities.
“There may be a tendency in the market now. When it comes to talking about the Beijing Stock Exchange as’specializing, specializing, and novelty,’ this is certainly not wrong. There is nothing wrong with specializing in special new giants, individual champions, and invisible champions. But innovation does not only refer to specialization and specialty. New and wide-ranging, not only refers to emerging industries, but can also include traditional industries. As long as there is innovation, we are all tolerant.” Xu Ming said.
Investment Advice:
The transfer system of the Beijing Stock Exchange was implemented
Investors need to carefully analyze corporate fundamentals
The reporter was concerned that on the evening of January 7, the China Securities Regulatory Commission revised the “Guiding Opinions on the Transfer of Listing of Companies Listed on the National Small and Medium-sized Enterprise Share Transfer System” (hereinafter referred to as the “Original Guiding Opinions”) to form the “Regarding Beijing Securities Exchange” The “Guiding Opinions on the Transfer of Listed Companies” (hereinafter referred to as the “Guiding Opinions”) will be implemented from now on, which means that the transfer system of listed companies on the Beijing Stock Exchange has officially landed. According to the “Guiding Opinions”, a company listed on the Beijing Stock Exchange to apply for a transfer should have been listed on the Beijing Stock Exchange for one year and meet the listing requirements for the transfer.
According to Zhu Haibin, assistant general manager of Essence Securities Research Center and chief analyst of the New Third Board, the Beijing Stock Exchange has been officially opened and market attention and liquidity have been greatly improved. Looking forward to the follow-up, it is expected that the overall market will remain relatively fast development of. In 2022, the Beijing Stock Exchange will have market features such as a greater increase in market size and a further increase in market liquidity. For investors, they can consider relatively large market capitalization, industry leaders, and superior companies in the industry chain; actively participate in new launches and strategic allotments; investment main lines that are allocated at low valuations.
Zhang Keliang, general manager of the stock transfer business department of Intime Securities, said that the construction of the market system of the Beijing Stock Exchange will be more perfect. The financing products or institutional arrangements of mature exchanges such as convertible bonds and mixed market making may be gradually introduced on the Beijing Stock Exchange; the connection between the Beijing Stock Exchange and the basic and innovative layers of the New Third Board will be smoother, and may increase The number of adjustments from the basic level to the innovation level to improve the operating efficiency of the entire market. Zhang Keliang reminded that the Beijing Stock Exchange is a new thing. Listed companies, listed company shareholders, investor structure and market trading system are quite different from the A-share market. The operating logic of this market may also be gradually explored and formed. Among them, the most important thing for investors is to keep an open mind and not to blindly copy the logic of the A-share market. Companies listed on the Beijing Stock Exchange have their own characteristics, and investors need to conduct industry analysis and corporate fundamental analysis of these companies seriously. In addition, if investors do not reach the investment threshold of 500,000, it is recommended to participate in this market through selected public funds with the theme of the Beijing Stock Exchange.
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