三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产精品午夜性视频 | 千涩成人网 | 白白操在线视频 | 色婷婷一区二区三区四区成人 | 可以看的黄色网址 | 最新亚洲 | 午夜国产精品影院在线观看 | 免费观看在线永久免费xx视频 | 欧美国产一区二区 | 久久亚洲精品一区成人 | 欧美在线观看一区二区 | 免费在线看黄色片 | 我想看一级黄色毛片 | 国产黄色在线 | 欧美在线网址 | 亚州三级视频 | 中文字幕最新中文字幕中文字幕 | 一级片aaaaaa| 国产a级特黄的片子视频免费 | 一级国产精品一级国产精品片 | 亚洲97| 亚洲精品一区二区三区福利 | 欧美三级免费 | 美乳在线播放 | 亚洲aⅴ在线 | 91亚洲在线 | 亚洲午夜在线观看 | 久久亚洲网 | 国内精品福利在线视频 | 黄色片视频在线免费观看 | 天天综合色 | 香港午夜理理伦_级毛片 | 91影院在线| 欧美三级影视 | 亚洲欧美日韩中文字幕在线不卡 | 国产在线不卡视频 | 欧美一二区| 国产精品午夜国产小视频 | 亚洲日比视频 | 国产在线视欧美亚综合 | 黄色片视频国产 |