Source: China State Council Information Office 2
The Beijing Stock Exchange (BSE) celebrated its third anniversary on Monday. Since its inception in 2021, the BSE has listed 251 companies, raised a total of 53 billion yuan ($7.44 billion), and attracted over 7 million investors.
Over the past three years, the BSE has carved out a niche in the capital market by providing tailored financing solutions for small- and medium-sized enterprises (SMEs). With an average financing of 206 million yuan per company, the exchange has effectively channeled capital to a large number of small businesses that might otherwise have struggled to access traditional financing channels.
BSE-listed companies exhibit a strong focus on innovation. Over 90% of these companies are high-tech enterprises, while nearly 80% are involved in strategic emerging industries or advanced manufacturing. More than half of them are recognized as national-level ” little giants” — SMEs engaged in manufacturing, specializing in niche markets and boasting cutting-edge technologies.
Research and development (R&D) spending by BSE-listed companies has increased. In the first half of the year, R&D expenses reached 3.73 billion yuan, up 2.47% from a year earlier. Over 60% of these companies saw growth in their R&D spending, and 46 companies allocated more than 10% of their revenue to R&D.
The BSE has attracted a diverse range of investors, including private equity funds, public mutual funds, social security funds, and insurance companies. As of the end of June, the number of qualified investors on the bourse neared 7.05 million, an increase of 292,300 from the end of last year.
