Beijing Stock Exchange

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Beijing Stock Exchange
北京证券交易所
Beijing Stock Exchange.png
Beijing Stock Exchange (20211116161935).jpg
Type Stock Exchange
Location Xicheng District, Beijing, China
Founded3 September 2021;
3 years ago
 (2021-09-03) [1]
Owner National Equities Exchange and Quotations (100%) [1]
Currency CNY
No. of listings252 (September 2024) [2]
Market cap ¥284 billion ($40 billion) (September 2024) [3]
Website www.bse.cn

The Beijing Stock Exchange (BSE) is a stock exchange based in Beijing, China. It is one of the three stock exchanges operating independently of each other in mainland China, the others being the Shanghai Stock Exchange and the Shenzhen Stock Exchange. [4]

Contents

History

Jinyang Mansion which houses the BSE Jinyang Mansion (20211116161646).jpg
Jinyang Mansion which houses the BSE

The Beijing municipal government had lobbied for years to upgrade the National Equities Exchange and Quotations (NEEQ) exchange (nicknamed "The New Third Board" (新三板)) to act as a home for US-listed Chinese firms. [5]

On 2 September 2021, Xi Jinping announced the establishment of the Beijing Stock Exchange (BSE). [1] [4] The purpose was to help serve small and medium-sized enterprises (SMEs) in China. [1] [4]

This was accomplished by reforming the NEEQ exchange and establishing up the BSE as the primary platform for SMEs. [4] As of 2020, the NEEQ exchange had almost 6,000 companies listed, with most of them being SMEs. [1]

On 3 September 2021, Beijing Stock Exchange Co., Ltd. completed its business registration as a company. The registration information showed that NEEQ was the sole shareholder, making it the owner of the BSE. The registered capital was RMB 1 billion, and the registered address was the same as NEEQ's. [1]

On 17 September 2021, the BSE issued guidelines on the qualifying criteria for investors. [1] [6]

On 30 October 2021, the China Securities Regulatory Commission published rules for the exchange regarding initial public offerings (IPO), refinancing, and supervision. [7]

On 15 November 2021, trading on the BSE commenced. [8] [9] 81 companies debuted trading on the exchange that day: 71 were transferred from the "Select tier" of the NEEQ exchange, while the remaining 10 held their trading debuts. [8] [9] [10]

Rules

See also

Lists

References

  1. 1 2 3 4 5 6 7 8 9 10 "New Beijing Stock Exchange – An Overview". www.roedl.com.
  2. "Beijing Stock Exchange". Archived from the original on 15 November 2021. Retrieved 16 September 2024.
  3. "Beijing Stock Exchange". www.bse.cn. Retrieved 15 September 2024.
  4. 1 2 3 4 "Xi says China to set up Beijing stock exchange for SMEs". Reuters. 2 September 2021. Retrieved 16 November 2021.
  5. "EXCLUSIVE China considers new bourse to attract overseas-listed firms -sources". Reuters. 31 March 2021. Retrieved 16 November 2021.
  6. 1 2 3 "Beijing Stock Exchange specifies investor access thresholds". english.www.gov.cn. Retrieved 16 November 2021.
  7. "China releases operation rules for Beijing bourse". english.www.gov.cn. Retrieved 16 November 2021.
  8. 1 2 3 4 "FACTBOX-Beijing Stock Exchange starts trading". Reuters. 15 November 2021. Retrieved 16 November 2021.
  9. 1 2 3 "Beijing Stock Exchange starts trading, unleashing power of small for Chinese economy". english.www.gov.cn. Retrieved 16 November 2021.
  10. "Trading kicks off on Beijing Stock Exchange, 10 stocks surge". Reuters. 15 November 2021.