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

Investor enthusiasm greets debut of Beijing Stock Exchange

By SHI JING in Shanghai | China Daily | Updated: 2021-11-16 07:04
Share
Share - WeChat
Cai Qi, a member of the Political Bureau of the 19th Central Committee of the Communist Party of China and secretary of the CPC Beijing Municipal Committee, and Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the new Beijing Stock Exchange on Monday. [Photo/Xinhua]

Investors' enthusiasm for the Beijing Stock Exchange, which debuted on Monday, can be seen in the burgeoning prices of the 10 companies trading on the new bourse, all of which surged more than 60 percent and triggered the intraday trading suspension mechanism twice.

Among the first 81 companies listed on the new bourse, Henan Tongxin Transmission, a leading Chinese auto parts provider, saw its price soar 493.67 percent on Monday-the most significant intraday increase recorded. Nine other companies saw their prices jump more than 100 percent.

The benchmark Shanghai Composite Index slid 0.16 percent on Monday.

The daily price fluctuation of BSE-listed companies has been set at 30 percent, though there was no limit on the first trading day. However, trading will be suspended for 10 minutes if a company's price is up by 30 percent from the opening quotation, and paused for another 10 minutes if the price is up a total of 60 percent.

It took only 74 days for the BSE, which is seen as nurturing more technologically advanced small and medium-sized enterprises, to grow into full swing from inception. The bourse is initially built upon the NEEQ Select, the highest tier of the 8-year-old National Equities Exchange and Quotations system.

The average sales revenue for the first 81 BSE-listed companies came at 600 million yuan ($94 million) last year, while their average net profit approached 69.4 million yuan. The vast majority of the companies-87 percent-are from advanced manufacturing, modern services or strategic emerging industries, with the average annual research and development investment valued at over 25.3 million yuan in 2020.

The inauguration of the BSE marks another major step in the high-quality development in China's capital market, said Yi Huiman, chairman of the China Securities Regulatory Commission, at the opening ceremony for the new exchange. Signaling a new start for China's inclusive financial services, the BSE should coordinate its development with other exchanges in China so that a wholesome multilevel capital market can be built, he said.

The BSE's chairman, Xu Ming, said at the opening ceremony that efforts will be made so that small and medium-sized enterprises will have easier access to the exchange. More trading products and tools will be tested at the BSE to facilitate companies' financing, he said.

There are now about 2.1 million eligible BSE investors, and the exchange estimated that the number will exceed 4 million by the end of the year.

Analysts from Shenwan Hongyuan Securities estimated that there will be 100 BSE-listed companies by the end of this year and the number will reach 250 in 2022. The total financing of the BSE-listed companies is expected to hit 33 billion yuan next year.

Eugene Qian, chairman of UBS Securities, said that the threshold of 200 million yuan of market cap for BSE-listed companies, with no emphasis put on net profit, will better serve innovative SMEs. It is hoped that the BSE will differentiate itself from the other boards in China and become the Chinese version of Nasdaq, where technology startups can grow into large-cap companies, he said.

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: 三级福利片 | 麻豆视频在线观看网站 | 美女免费精品高清毛片在线视 | 久久婷婷丁香七月色综合 | 69xx在线观看视频 | 国产性videostv另类极品 | 久热精品视频 | 一级黄色性生活 | 黄色片一 | 午夜激情视频在线观看 | 思思九九 | 2021精品国夜夜天天拍拍 | 俄罗斯一级毛片aaaa | 亚洲色图视频在线 | 国产视频1 | 黄毛片| 久久精品三级 | 亚洲一区二区三区麻豆 | 黄色永久网站 | 小明永久免费视频 | 极品蜜桃臀美女啪啪 | 国产亚洲在线观看 | 国产精品国产三级国产 | 日本黄色一级片视频 | 一级做a爱过程免费视频超级 | 成人黄网18免费观看的网站 | 天堂亚洲国产日韩在线看 | 免费看在线爱爱小视频 | 日本内谢69xxxx免费播放 | 影音先锋5566手机在线播放 | 尤物网在线观看 | 黑人一区 | 国产精品入口麻豆免费看 | 女人精69xxxxx免费视频 | 免费网站看av片 | 在线观看成年美女黄网色视频 | 蜜芽在线 | 久久怡红院亚欧成人影院 | 亚洲成熟xxxxx电影 | 久久视频精品 | 在线观看网站 |