Beijing Stock Exchange hits 274 listings

The number of listed companies on the Beijing Stock Exchange (BSE) has reached 274, and their total market capitalization surpassed 922 billion yuan ($129 billion) on Tuesday.

Among the listed companies, nearly 80% are small and medium-sized enterprises (SMEs). A total of 149 companies are recognized as state-level "little giant" firms, which are the top performers among specialized, high-end, and innovation-driven SMEs that provide distinctive products or services. Moreover, 82% are high-tech enterprises. These companies have initially formed five major industrial clusters, covering high-end equipment, information technology, consumer services, chemical new materials, and biomedicine.

With the support of the BSE, listed companies have been able to accelerate their growth. According to semi-annual reports recently released by all 274 companies, their operating revenues averaged 336 million yuan, marking a 6% year-on-year increase. Overall, 225 companies reported profits, while 137 saw year-on-year growth in net profit.

Moreover, the BSE has recorded new listings every year since its establishment in September 2021. In 2022, it saw a peak of 83 new listings, the highest to date, while 12 companies have gone public so far this year. The average fundraising size of newly listed companies has shown an upward trend from 2023 to 2025, rising from 191 million yuan to 333 million yuan. Meanwhile, the average operating revenue of listed companies increased from 439 million yuan in 2020 to 687 million yuan in 2024.

Since its establishment, the BSE has continuously advanced institutional development and market reforms, enhancing market activity and liquidity. This has increased benefits for both listed companies and investors, significantly boosting the market's appeal.

Year-to-date, the BSE has recorded an average daily turnover of 29.151 billion yuan, nearly four times higher than last year's daily average. The average first-day price increase of newly listed companies was 217% in 2024, rising to 320% for new stocks this year.

The BSE has drawn an increasing number of institutional investors — including public funds, securities asset management companies, insurance funds, and QFIIs, further optimizing the investor structure. The BSE's investor base has continued to grow, with the number of qualified investors now exceeding 9 million.