日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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

Beijing Stock Exchange to bolster development of SMEs

By SHI JING in Shanghai | China Daily | Updated: 2021-10-11 07:59
Share
Share - WeChat
Staff members are busy at work at the Beijing Stock Exchange on Sept 14. The new bourse, registered on Sept 3, aims to nurture an array of specialized and innovative small and medium-sized enterprises. [Photo by Dai Bing/for China Daily]

While high hopes exist for the planned Beijing Stock Exchange as it is expected to further facilitate the innovation of small and medium-sized enterprises, the new bourse should differentiate itself from the existing STAR Market in Shanghai and ChiNext in Shenzhen, Guangdong province, market experts said.

During the Global Trade in Services Summit of the 2021 China International Fair for Trade in Services held on Sept 2, President Xi Jinping said in a video speech that China will set up a stock exchange in Beijing.

The NEEQ Select, the highest tier of the National Equities Exchange and Quotations, will be upgraded to cover the Beijing Stock Exchange. Qualified companies traded on the NEEQ Innovation, the second-highest tier at NEEQ, can apply to list on the Beijing bourse as long as they stay listed on NEEQ Innovation for 12 consecutive months, the draft stock listing rules released on Sept 5 said.

The launch of the Beijing Stock Exchange, with its focus on innovative SMEs, will strengthen the positioning of the two existing bourses in Shanghai and Shenzhen, said Victoria Mio, director for Asian equities at Fidelity International.

The three exchanges will complement each other to facilitate the capital funding initiatives among companies, especially SMEs, the latter of which are of great importance to the country's economic development, she said.

Xiao Yaqing, minister of industry and information technology, said during the two sessions in March that over 95 percent of the country's registered enterprises are SMEs, making great contributions in terms of providing job opportunities and boosting economic growth.

As stable growth and employment remain the focal points of the government while it is seeking to achieve common prosperity, support for SMEs will be crucial, said Mio.

The Beijing bourse will help facilitate the coordinated development of Beijing, Tianjin and Hebei province, said He Xiaoyu, chief economist of Beijing-based Zhengxin Investment Group.

It will join forces with the Shanghai and Shenzhen exchanges in terms of regional equity markets and better bridge the northern and southern markets. A sound cycle among finance, technology and industries will be formed to advance China's high-quality economic development, he said.

Together with the STAR Market on the Shanghai bourse and ChiNext in Shenzhen, the Beijing Stock Exchange will better serve the real economy by fulfilling their respective responsibilities, said Dong Zhongyun, chief economist of AVIC Securities.

The STAR Market will mainly serve the technology innovation companies which aim to serve the country's key strategies and make key technological breakthroughs. By focusing on hard technologies, these companies should be highly recognized by the market, said Dong.

ChiNext-listed companies will focus on the integration between traditional industries and new technologies, industries and business models. Based on the NEEQ Select, the Beijing bourse will mainly serve innovative SMEs. The three boards will each have their specialties and complement each other to ensure the structural equilibrium of the Chinese capital market, added Dong.

Compared to companies trading at the STAR Market, especially those specializing in information technology, discretionary consumption and healthcare, companies listed on the Beijing bourse are at an earlier development stage, said Jiang Qijia, senior analyst of Shanghai-based financial services provider Noah Holdings Ltd.

The companies can be interpreted as having more room for development, but they also face more uncertainties. In this sense, investment in Beijing bourse-listed companies may bear a lot of resemblance to venture capital endeavors.

"The Beijing exchange will help to build a multilevel capital market. A complete chain comprised of the Beijing bourse, STAR Market and ChiNext, as well as the A-share main board, will be established. There will also be consistency reached in terms of facilitating trading and financing," Jiang 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: 丝袜 亚洲 另类 欧美 综合 | 成人影音 | 欧美日韩北条麻妃一区二区 | 国产精品在线 | 欧美不卡| 中文字幕日韩欧美一区二区三区 | 精品久久久久久无码中文字幕 | 大陆精品自在线拍国语 | 一区二区三区不卡免费视频97 | 奇米网久久 | 舒淇三级浴室洗澡在线观看 | 国产精品视频一区二区三区 | 久久天天躁夜夜躁狠狠 | 国产一区二区不卡 | 操操片| 日韩成人在线播放 | 日本高清免费h色视频在线观看 | 亚洲高清在线视频 | 午夜在线视频观看 | 永久免费在线播放 | 精品国产日韩一区三区 | 成人亚洲网站 | 久久久久久久99精品免费观看 | 亚洲视频免费 | 婷婷综合 | 国产精品一区二区三区久久久 | 亚洲色色 | 国产高清视频 | www.国产| 国产亚洲福利 | 免费一级毛片不卡在线播放 | 亚州va| 免费九九视频 | 久久精品欧美一区二区三区不卡 | 亚洲精品在线视频观看 | 久久久久成人精品亚洲国产 | www.国产高清 | 午夜家庭影院 | se999se男人最爱 | 国产日韩欧美不卡 | 欧美激情视频一区二区免费 |