National Equities Exchange, Beijing Stock Exchange: Further enhance the market function of the NEEQ
Our reporter Chang Xiaoyu
On December 31, 2021, the National Equities Exchange and Quotations and the Beijing Stock Exchange (hereinafter referred to as the "Beijing Stock Exchange") issued a new year speech for 2022, stating that they will focus on building the main position of service-innovative small and medium-sized enterprises as the general direction and coordinate all forces. , Continue to consolidate the good start of the Beijing Stock Exchange, further enhance the functions of the NEEQ market, and implement the requirements for the full implementation of the registration system.
Looking back on 2021, the National Equities Exchange and Quotations and the Beijing Stock Exchange stated that under the strong leadership of the Party Committee of the China Securities Regulatory Commission, the establishment of the Beijing Stock Exchange has been successfully completed, and various measures to deepen the NEEQ reform have been successfully implemented. The new starting point.
The National Equities Exchange and Quotations and the Beijing Stock Exchange also stated that in the past year, they have always implemented the main line of reform.
Stable operation of the selection layer, basic systems such as public issuance and continuous bidding have withstood the market test.
Successfully completed the opening of the Beijing Stock Exchange, piloted the registration system for stock issuance, built a business rule system that fits the characteristics and needs of innovative small and medium-sized enterprises, highlighted the characteristics of precision, tolerance, flexibility and inclusiveness; expanded the scale of investors, and continued to promote social security funds and public funds , QFII and other institutional investors enter the market; adhere to the integrated development of the Beijing Stock Exchange and the New Three Boards, adhere to the interconnection and interoperability with the Shanghai and Shenzhen markets, give play to the progressive advantages of each layer, implement the transfer mechanism, and build a full-chain market system serving small and medium-sized enterprises.
Continue to deepen the reform of the New Third Board, introduce a convertible bond system, optimize the threshold of innovative investors, and establish a docking mechanism with the regional equity market.
With the implementation of the reform measures, the market foundation of the New Third Board has been further consolidated, and the market ecology has undergone positive and positive fundamental changes.
In the past year, considerable progress has been made in market construction.
The market structure is more complete, the positioning is clearer, and the operation quality is significantly improved.
As of the end of 2021, there were 82 companies listed on the Beijing Stock Exchange, 1224 companies listed on the innovation layer of the New Third Board, and 5749 companies listed on the basic layer.
The “leading” prying role of the Beijing Stock Exchange has initially played its role.
Since the opening of the market, the average daily turnover of the Beijing Stock Exchange has increased by 3.04 times compared with the selection layer in August 2021, the average daily turnover rate is 1.79%, and the overall annual turnover rate is 434.26%, which is in line with the liquidity characteristics of small and medium-sized market capitalization stocks; The stocks in the entire market of Beijing Stock Exchange increased by an average of 98.90% in the year, and the market wealth effect was initially apparent; the number of investors exceeded 4.75 million, which was about 2.8 times the amount before the announcement of the establishment of the Beijing Stock Exchange. All are over-raised, social security funds and QFII have entered the market, and institutional investors have accelerated their deployment.
The innovation layer and the basic layer are effectively driven.
The annual turnover increased by 19.76% year-on-year, and all 10 indexes rose; since the announcement of the establishment of the Beijing Stock Exchange, the number of planned private issuances and raised funds increased by 1.96 times and 1.14 times from the previous month. The total planned private issuance for the whole year of 2021 increased by more than 54% year-on-year. %.
The questionnaire shows that 96% of listed companies are confident in the future development of the NEEQ.
Looking forward to 2022, the National Equities Exchange and Quotations and the Beijing Stock Exchange stated that under the strong leadership of the Party Committee of the China Securities Regulatory Commission, they will adhere to the general tone of seeking progress while maintaining stability, adhere to characteristic development, dislocation development, adhere to system concepts, bottom line thinking, and comprehensive Strict governance of the party is the fundamental guarantee, and the overall direction is to build a service-innovative small and medium-sized enterprise as the main position, and coordinate with all parties to continue to consolidate the good start of the Beijing Stock Exchange, further enhance the functions of the new third board market, and implement the full implementation of the registration system requirements , To establish a market service brand, increase market supervision, enhance business and technology integration, improve internal management and team building, strengthen political building and party style and clean government building, and solidly promote various tasks to a new level.
(Securities Daily)