Investors have opened more than 4.6 million accounts, and the average increase in new shares is 1.1 times

　　The "full moon" of Beijing Stock Exchange shows full reform effect

　　Our reporter Sun Jie

　　The market turnover increased significantly from before the reform, reaching 47.897 billion yuan; 11 new stocks rose collectively in the first month, with an average increase of over 110%; the number of qualified investors opened over 4.6 million accounts, an increase of about 1.7 times...From November 15 to Yesterday, the Beijing Stock Exchange opened the market and operated the "full moon", which fully demonstrated the new atmosphere of reform.

　　In the first month of the market opening, the Beijing Stock Exchange's market operations were generally stable, and the positive effects of reforms were significant.

Enthusiasm for market participation is increasing, professional institutions are actively entering the market, and investors' willingness to enter the market has increased.

Driven by the “leading” of the Beijing Stock Exchange, the trading activity of the innovative and basic layers of the New Third Board is effectively improving.

　　Turnover 47.897 billion yuan in the first month

　　Increased activity

　　In the first month of the market opening, the trading activity of the Beijing Stock Exchange increased, and the price trend was generally stable.

Data show that from November 15 to December 14, the Beijing Stock Exchange had a total turnover of 47.897 billion yuan.

Starting from the second week, transactions gradually narrowed as the opening effect subsided, and the trend of change was in line with the general laws of newly established sectors.

　　According to the statistics of the Beijing Stock Exchange, the market liquidity of the Beijing Stock Exchange is improving compared with the period of the selection layer. The average daily trading volume has increased by 3.07 times compared with the previous selection layer. The average daily turnover rate of stocks is 1.46%, which is 0.74 higher than the original selection layer. Percentage points, in line with the liquidity characteristics of small and medium-sized market capitalization stocks.

　　In addition to the collective listing of 10 new stocks on the first day of market opening, Yoshioka Precision landed on the Beijing Stock Exchange on November 24, becoming the 82nd company listed on the Beijing Stock Exchange.

From the performance of individual stocks, 11 new stocks rose collectively in the first month, with an average increase of 110.84%.

Most of the 71 “old stocks” that have been shifted from the selection layer have been adjusted back from their highs before the market opened, but they are still up 29.97% from before the announcement of the reform of the Beijing Stock Exchange.

It is worth mentioning that on December 13, Northland’s share price hit a 30% daily limit, becoming the first stock to have a daily limit since the opening of the Beijing Stock Exchange.

　　In terms of market performance, the average daily amplitude of the Beijing Stock Exchange dropped from 25.51% on the first day of market opening to 5.28%, and the stock price gradually stabilized.

Professionals believe that the fluctuation of individual stocks is within the reasonable range of expectations, the price trend is relatively stable, and the market pricing function is further improved.

　　According to the statistics of Beijing's comprehensive service platform for corporate listing, as of December 14, the total market value of 82 listed companies on the Beijing Stock Exchange was 269.320 billion yuan, and there were 7 stocks with a market value of more than 5 billion yuan. More than 91% of the Beijing Stock Exchange's stock market has a value of less than 5 billion yuan.

This reflects the CBEX's market positioning of serving innovative SMEs.

　　The number of accounts opened exceeds 4.6 million

　　Institutional research busy

　　Investors have high enthusiasm for participation, and professional institutions actively enter the market.

As of December 14, the number of accredited investors in the Beijing Stock Exchange exceeded 4.6 million, an increase of approximately 1.7 times from before the announcement of the reform.

After full game between buyers and sellers, investors have become more rational, and the overall transaction enthusiasm has remained at a reasonable level.

In addition to direct participation, other channels such as public funds have also received high attention. The first batch of 8 themed funds all achieved half-day over-raising.

　　The turnover rate is usually regarded as an important indicator to measure the degree of market activity.

The turnover rate of the Beijing Stock Exchange market is reaching a new height.

Data show that since the launch of the Select Tier on July 27, 2020, the annual turnover rate of select Tier stocks has been 208.72%, with an average daily turnover rate of 0.86%; since the announcement of the establishment of the Beijing Stock Exchange, the annual turnover rate has increased to 343.35%. The average turnover rate is 1.41%. Since the opening of the Beijing Stock Exchange, the annual turnover rate has been 497.93%, and the daily average is 2.68%.

　　From a horizontal perspective, the annual turnover rate since the opening of the Beijing Stock Exchange is second only to the current Sci-tech Innovation Board (670%) and ChiNext (630%) levels.

Since December, the average daily turnover rate of the Beijing Stock Exchange has been 1.11%, and the annualized turnover rate is 270%, which is higher than the Nasdaq (131%) and Hong Kong Stock Exchange (51%) levels.

　　After the opening of the Beijing Stock Exchange, companies listed on the Beijing Stock Exchange have received unprecedented attention, and the frequency of institutional surveys has increased greatly.

On November 17, Betra, with the highest market capitalization on the Beijing Stock Exchange, received a one-day survey from 9 public offerings including E Fund and China Asset Management.

On November 25, Derui Lithium received a total of 11 investigations from CICC and Essence Securities.

The intensive publication of institutional research reports and the surge in research enthusiasm have also driven the expected rise of individual stocks in the fields of biomedicine, information technology, new energy, and new materials.

　　"Leader" effect appears

　　New three boards add vitality

　　On December 10, as the first batch of listed companies to land on the Beijing Stock Exchange, Longzhu Technology, a leading bamboo products company, announced the termination of its plan to go public on the GEM.

Longzhu Technology stated that the Beijing Stock Exchange has formulated a policy system, institutional system and service system that adapts to the innovation and development of small and medium-sized enterprises, which not only meets the company's internal demand for always insisting on innovation, but also provides strong support for further promoting the company's innovation and development.

　　Relevant statistics show that 187 companies are being coached by the Beijing Stock Exchange, and listed companies have sufficient reserves.

As of yesterday, the Beijing Stock Exchange's official website audit project shows that a total of 50 companies are in the inquiry stage, and 2 companies have been submitted to the Securities Regulatory Commission for registration through the listing committee meeting. They are Powerway Hydraulics and Hujiang Materials.

　　The Beijing Stock Exchange is the "leading", and the innovation layer and foundation layer of the New Third Board are the foundation.

In the past month since the opening of the market, the “leading” leveraging and “backfeeding” effects of the Beijing Stock Exchange are emerging, and the trading activity of the innovative and basic layers has improved significantly.

Since the announcement of the reform of the Beijing Stock Exchange, the cumulative increase and decrease of the Third Board Component Index, Third Board Market Making, and Innovation Component Index have been 15.13%, 34.79%, and 20.19% respectively. After the Beijing Stock Exchange opened, the average daily turnover of the innovation layer and the basic layer This is an increase of 1.83 times compared to before the announcement of the reform news.

　　"Beijing Stock Exchange and the New Third Board's innovation layer and basic layer show a certain investment rotation effect. Overall, the Beijing Stock Exchange and the New Third Board will continue to create opportunities for investors to share the development dividends of innovative small and medium-sized enterprises." Insiders believe .