Beijing hosts 11 BSE-listed companies
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E-mail China.org.cn, July 1, 2022
China's capital city Beijing is now home to 11 companies that are listed on the Beijing Stock Exchange (BSE) and 861 that trade on the National Equities Exchange and Quotations (NEEQ), or the "new third board."
These companies have cumulatively financed 128 billion yuan (US$19.12 billion) since being listed.
According to regulations by the China Securities Regulatory Commission (CSRC), shares traded on the innovation tier of the new third board for 12 months are eligible to transfer to the new bourse.
As of June 28, a total of 17 Beijing-based companies had been in the board transfer review stage of the Beijing Stock Exchange. These companies have an average net profit of 50 million yuan, an average R&D spending of over 40 million yuan, and an average R&D intensity of over 10%.
To speed up the board transfer of those companies, the bourse has set up a dedicated service team to help them make targeted plans and provide consultation services for their listings.
Opened in November last year, the BSE is positioned as a major base for serving innovative small- and medium-sized enterprises (SMEs).
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