Wu Keren

　　A few days ago, the registration applications for 6 public offering and listing projects on the Beijing Stock Exchange were approved by the China Securities Regulatory Commission on the same day.

The Beijing Stock Exchange is positioned to serve innovative small and medium-sized enterprises. It has implemented a registration system since its establishment, and adheres to both quality and efficiency in issuance and listing review.

After a year of construction, the Beijing Stock Exchange has made a good start.

　　Industry insiders believe that the high-quality expansion of the Beijing Stock Exchange is the consensus of all parties in the market, and more reform and innovation measures are expected to be introduced.

Recently, the Beijing Stock Exchange 50 component index compilation plan was unveiled, the margin financing and securities lending system entered the stage of public consultation, and the Ministry of Finance issued treasury bonds on the Beijing Stock Exchange for the first time, indicating that the market ecology of the Beijing Stock Exchange continued to improve.

　　Efficiently promote audits

　　The official website of the Beijing Stock Exchange shows that on September 2, the registration applications of six companies, Xinzhi Bio, Yineng Power, Silane Technology, Tianma New Materials, Hualing Co., Ltd., and Haineng Technology, were approved by the China Securities Regulatory Commission for the public offering of shares to unspecified qualified investors. will pass.

Among them, from the acceptance of the listing application to the completion of the registration, Hualing Co., Ltd., Xinzhi Biotechnology, Tianma New Materials, and Haineng Technology took 72 days, 79 days, 87 days, and 93 days respectively.

　　"Six approvals a day, this signal is very obvious, indicating that the relevant parties are working together to promote the issuance and listing of high-quality projects on the Beijing Stock Exchange." A senior person who has been following the New Third Board and the Beijing Stock Exchange market for a long time told a reporter from China Securities Journal, "Only In the current environment, it is more important to go public first than to pursue a high issuance price-earnings ratio, and adding a financing channel will help the company continue to 'replenish blood'."

　　Experts believe that the high-quality and efficient listing review of the Beijing Stock Exchange has a realistic basis: first, the application company has a standardized foundation in the early stage; second, the integrated development and supervision of the Beijing Stock Exchange and the New Third Board will help continue to improve the quality and efficiency of the Beijing Stock Exchange's review; third The quality of the practice of intermediaries has been continuously improved.

　　The companies applying for listing on the Beijing Stock Exchange are all innovative companies that have been listed for one year. They have passed the listing access review and continuous supervision. The corporate governance and operation are relatively standardized, and the corporate governance structure and independent operation mechanism of the company have been established and improved.

At the same time, during the listing period, it has taken the initiative to standardize the operation of the listing requirements, make full use of various training, activities, and communication platforms, make up for shortcomings, strengths and weaknesses, and actively participate in special corporate governance actions. The corporate governance mechanism has been gradually improved, and the level of governance has been significantly improved. .

　　In addition, through process reengineering, the Beijing Stock Exchange has further opened up the links of listing review, continuous supervision, and listing review, shared regulatory files, sorted out companies applying for listing in advance, and formed a targeted review plan one by one.

The Beijing Stock Exchange continues to optimize the review process mechanism, and continuously optimize the collaborative linkage mechanism of self-discipline review, guidance filing, and issuance registration.

　　Regulatory signals are clear

　　Gathering a group of high-quality listed companies to form a reasonable initial market size and market depth has become the top priority of the current market construction of the Beijing Stock Exchange.

　　"The top priority for the development of the Beijing Stock Exchange is to promote the high-quality expansion of the market." Wang Jianjun, vice chairman of the China Securities Regulatory Commission, said recently that under the progressive structure of the new third board, companies applying for the Beijing Stock Exchange have passed the basic level, innovation On the basis of adhering to the priority of quality, the Beijing Stock Exchange can speed up the review and support a group of high-quality enterprises to go public quickly.

　　Wang Jianjun said that high-quality companies that meet industrial policies, market positioning, and listing conditions are welcome to actively apply to the Beijing Stock Exchange. He also hopes that industry authorities, local governments, securities service agencies and other relevant parties will give more support to jointly promote the healthy and rapid development of the Beijing Stock Exchange. develop.

　　Zhou Guihua, chairman of the National Equities Exchange and Quotations, said recently, "A first-class exchange must have a first-class enterprise. The foundation of the sustainable development of an exchange is a solid foundation, and this foundation is to have a group of high-quality development. A group of listed and listed companies. As the organizer of the market, we will take it as our duty to build a first-class innovative benchmarking enterprise with integrity, transparency and core competitiveness, adhere to both standardization and development, improve institutional arrangements that meet the needs of enterprises, and comprehensively improve the market. service capabilities, and promote the innovation and development of enterprises.”

　　"Utilize the advantages of the integrated development and coordinated supervision of the Beijing Stock Exchange and the New Third Board, create an efficient, transparent and predictable issuance and listing path for small and medium-sized enterprises, and support more high-quality innovative small and medium-sized enterprises to enter the 'fast lane' of capital market development as soon as possible. "Zhou Guihua said, "In order to implement and give full play to the advantages of this system, we will explore and implement a 'process reengineering' that integrates listing review, daily supervision, and company regulation cultivation, establish an internal direct review mechanism, and further improve listing and listing. The efficiency of the whole-chain audit and the accuracy of regulatory services have made the listing path clearer and the time expectation clearer.”