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Beijing bourse marks 3 years with strong growth, innovation

0 Comment(s)Print E-mail China.org.cn, November 15, 2024
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The Beijing Stock Exchange (BSE) marked its third anniversary today with 257 listed companies and a total market value of 669.495 billion yuan ($92.55 billion). Companies listed on the exchange have raised more than 54 billion yuan in financing since its inception.

Companies listed on the BSE are making significant strides in driving technological innovation and specialization. The data reveals that 80% of raised capital flows into green and low-carbon technologies, digital economy, high-end equipment manufacturing, and new materials. More than 90% of listed companies are high-tech enterprises, while nearly 80% operate in strategic emerging industries and advanced manufacturing. Over half of these companies are recognized as national-level "little giant" enterprises with high growth potential, advanced technology and strong market competitive edge. Ten companies have achieved distinction as single-product specialists in the manufacturing industry.

The BSE has attracted more than 7.6 million qualified investors. The investor base has diversified, with increased involvement from public funds and private venture capital, showcasing broad participation and bringing new vitality to the market.

In addition to equities, the BSE's bond market has shown robust performance, facilitating 8.22 trillion yuan in treasury bond issuance, including 400 billion yuan in special treasury bonds. The exchange has also supported the issuance of 721.416 billion yuan in local government bonds to boost regional economic development.

Beijing has been a key contributor to the BSE's growth. Among the 257 companies listed on the BSE, 23 are based in Beijing. These firms have raised an average of 249 million yuan through public offerings, surpassing the market average of 201 million yuan. Companies have primarily invested the capital in research and development and operational expansion.

The BSE has streamlined its review and listing process, attracting more companies from the capital. Currently, eight Beijing-based firms are awaiting listing approval, while 29 others are undergoing pre-listing guidance. This year, Beijing added 14 companies to the National Equities Exchange and Quotations, commonly known as the New Third Board. Nine of these additions are classified as specialized and sophisticated enterprises.

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