www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

New exchange makes substantial progress

By SHI JING in Shanghai | CHINA DAILY | Updated: 2021-10-12 07:14
Share
Share - WeChat
The Beijing Stock Exchange, located on Financial Street in the Xicheng district of Beijing. [Photo/IC]

Substantial progress has been made at the highly anticipated Beijing Stock Exchange, which is planned as a new cradle for technologically advanced small and medium-sized enterprises, as it completed its second technical test on Saturday.

Ninety-eight securities firms, 10 information providers and eight fund companies participated in the test run, which mainly dealt with investor suitability, scope of authority, performance disclosure and trading channels. The exchange's first technical test took place on Sept 25.

Based on the experiences of the STAR Market in Shanghai and ChiNext in Shenzhen, the second technical test signals that the Beijing Stock Exchange is making the final preparations ahead of its official launch, said Zhou Yunnan, founder of Beijing Nanshan Jingshi Investment.

The exchange released three sets of draft rules on Sept 5 concerning listing, trading and exchange management members.

Li Yongchun, deputy general manager of the exchange, said at the Zhongguancun Forum in Beijing on Sept 25 that the bourse is ready to release other supporting rules and is making all necessary preparations to start trading.

Xiao Chu'nan, executive director and sponsor representative of China Renaissance Securities' investment banking department, said that while the tests helped address any technical problems with the launch of trading, a release of detailed rules regarding issues such as IPO reviews and continuous supervision is required before the exchange opens for business.

The exchange will have a final, comprehensive test of its operations with major market players before it officially begins operations.

Liu Ping'an, chairman of Beijing-based private fund manager GGR Capital, said the exchange is likely to start trading officially at the end of this month.

President Xi Jinping, while addressing the Global Trade in Services Summit of the 2021 China International Fair for Trade in Services via video link on Sept 2, announced that the nation would set up a stock exchange in Beijing and build it into a major base for serving innovative SMEs.

The exchange will initially be built upon the NEEQ Select, the highest tier of the National Equities Exchange and Quotations system launched eight years ago. Qualified companies trading on the NEEQ Innovation, the NEEQ's second-highest tier, can apply to be listed on the Beijing exchange as long as they remain listed on the NEEQ Innovation for 12 consecutive months.

Since early September, the daily trading volume on the NEEQ Select has increased by 2.7 times and the price of stocks on this tier has increased by an average of 35 percent, Li, deputy general manager of the Beijing exchange, said at the Zhongguancun Forum.

At least nine companies currently listed on the NEEQ Innovation have applied for listing on the NEEQ Select since the central government announced plans to establish the Beijing Stock Exchange.

Individual investors holding at least 500,000 yuan ($77,550) in assets in their personal securities account will be allowed to trade on the exchange, it announced on Sept 17. The threshold has been reduced from the 1 million yuan entry level applicable for the NEEQ Select.

Zhu Haibin, chief NEEQ analyst at Essence Securities, said there will be up to 7.89 million individual investors trading on the new stock exchange. As investment demand is expected to remain strong, the liquidity and pricing power of the exchange will therefore be elevated, he said.

Analysts from CITIC Securities wrote in a note that they hold a positive outlook on the companies to be traded on the new exchange, but it should be noted that most of these companies are smaller in scale and may be more vulnerable to external impacts.

Zhou Lanxu contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产午夜精品一区二区三区不卡 | 亚洲天堂网在线观看视频 | 欧美日韩一区二区在线视频 | 草草影院ccyy国产日本欧美 | 亚洲欧美精品中文字幕 | japanese日本tube色系 | 秀人网私拍福利视频在线 | 深夜国产成人福利在线观看女同 | 欧美一级日韩一级 | 日韩一区二区三区在线 | 农村寡妇特一级毛片 | 久久精品综合国产二区 | 国产欧美亚洲精品一区 | 久草黄视频 | 欧美午夜免费毛片a级 | 日本加勒比网站 | 自拍视频在线观看 | 日韩一区二区免费看 | 中文字幕一区二区三区精彩视频 | 丝袜美腿在线不卡视频播放 | 午夜a毛片 | 久久综合一本 | 精品国产综合区久久久久99 | 一级视频在线观看 | 久久久久欧美精品网站 | 欧美一级毛片生活片 | 全免费a级毛片免费看视频免 | 五月激激激综合网色播免费 | 视频在线色 | 国产亚洲一路线二路线高质量 | 亚洲日本精品 | 狠狠色丁香久久婷婷综合_中 | 玖玖香蕉视频 | 久久免费精品视频 | 日本久久一区二区 | 99精品视频在线视频免费观看 | 精品视频在线观看一区二区三区 | 一级爱爱片一级毛片-一毛 一级爱做片免费观看久久 一级白嫩美女毛片免费 | 国产黄色三级网站 | 亚洲国产高清视频在线观看 | 国产成人在线影院 |