[Explanation] On September 3, the three major A-share indexes collectively opened higher and then fluctuated within a narrow range.

In the afternoon, the index continued to consolidate at a low level, and the index's decline expanded by more than 1%.

As of the close, the Shanghai Composite Index fell 0.43% to 3,581.73 points, the Shenzhen Component Index fell 0.68% to 14179.86 points, and the ChiNext Index fell 1.17% to 3,102.14 points.

　　On the disk, the Beijing Stock Exchange (full name: Beijing Stock Exchange) concept, soybeans, and the new third board selected layer concept led the two markets.

Titanium dioxide, salt lake lithium extraction, and China Shipbuilding Industry Group were among the top decliners.

The net inflow of northbound funds throughout the day exceeded 11.3 billion yuan (RMB, the same below), of which the inflow of Shanghai Stock Connect exceeded 6.1 billion, and the inflow of Shenzhen Stock Connect exceeded 5.2 billion.

　　Financial commentator Bunaxin believes that the establishment of the Beijing Stock Exchange will further advance the multi-level market, which is good for venture capital and securities firms.

At the same time, the three exchanges in Beijing, Shanghai and Shenzhen will also form a three-pronged situation of coordinated development and complementary advantages, which is conducive to the international influence of China's securities industry.

　　[Concurrent] Financial commentator Bu Naxin

　　From the overall disk perspective, the performance of A shares and the New Third Board is relatively healthy today.

The reform of the A-share registration system has been a major investment logic in recent years. The establishment of the Beijing Stock Exchange has undoubtedly brought the reform of the registration system to a climax.

As the capital, the lack of a stock exchange in Beijing has always been a "short board" in economic development, but with the establishment of the Beijing Stock Exchange and the deepening of the reform of the New Third Board, this "short board" has been made up.

At the same time, with the help of exchanges in Beijing, Shanghai, and Shenzhen, the eastern part of China will form a "matrix" of the Beijing, Shanghai, and Guangzhou financial centers, forming a three-pronged situation of coordinated development and complementary advantages, which is conducive to China's securities industry on the international stage. The impact of further expansion.

　　[Explanation] Jiang Han, a senior researcher at Pangu Think Tank, said that the establishment of the Beijing Stock Exchange will be a huge change for China's securities market, with far-reaching impact in the long run.

However, he also pointed out that how the Beijing Stock Exchange and the current NEEQ basic layer, innovation layer, and selection layer are connected and structured require more clear policies.

　　[Concurrent] Jiang Han, Senior Researcher of Pangu Think Tank

　　It will be a huge change for the entire Chinese securities market, and it will also be very helpful to the long-term development of the securities market. So from this perspective, we are very optimistic about the impact of the Beijing Stock Exchange on the market.

However, from the current point of view, it is still uncertain at the moment that these stocks directly related to the Beijing Stock Exchange can really gain the advantage of the establishment of the Beijing Stock Exchange, or how much dividends they can obtain.

From a long-term perspective, the long-term impact is far-reaching and a huge dividend.

From a short-term perspective, there is still greater uncertainty in the short-term due to the lack of detailed rules.

　　Reporter Xu Yinkang Yuzhan reports from Shanghai

Editor in charge: [Lu Yan]