Beijing Stock Exchange obtains 295,000 new accounts within three days of its debut
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E-mail China.org.cn, November 18, 2021
Following its Nov. 15 debut, as many as 295,000 accounts had opened on the Beijing Stock Exchange (BSE) by Nov. 17, and the market's number of qualified investors totaled 4.32 million.
Meanwhile, stock turnover within those first three days totaled 16.99 billion yuan. The 68 stocks, which were transferred to the BSE from the "select tier" of Beijing's over-the-counter New Third Board, had a turnover of 10.31 billion yuan. Likewise, shares in all 10 companies that recently conducted initial public offerings (IPOs) on the BSE rose by an average of 146.8%.
On Nov. 17, the average gain of the 68 transferred stocks was 0.51%. More specifically, shares of Hebei-based smart city information provider Zhisheng Information Technology and Nantong-headquartered auto parts maker Dadi Electric nearly doubled, higher than the average three-day cumulative increase of the 25 new stocks that opened on the Sci-tech Innovation Board.
Industry insiders believe that cash will continue to flow in, and that more structural opportunities will open for enterprises with high growth potential, advanced technology and a competitive market edge, as well as single-product specialists in the manufacturing industry.
Overall, public and private equity funds are accelerating their deployment across promising sectors such as new energy, TMT, biomedicine and the internet.
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