The Beijing Stock Exchange (BSE), a third addition to China's A-share market, will be officially launched on Monday, the bourse announced Friday, after a pile of regulatory paperwork and company filings have indirectly pointed to the bourse's availability next week.

Everything's now ready for the new bourse, which is scheduled to launch on Monday, the BSE said in a statement on its website, officially corroborating the previous fanfare.

The BSE plans to conduct a test on Saturday for the technical readiness of all market participants for the bourse's launch, it announced Thursday. One day prior to the test announcement, 10 firms, now traded on the selection tier of the National Equities Exchange and Quotations (NEEQ), an over-the-counter market known as the New Third Board, simultaneously revealed plans to make their debut on the new bourse on November 15.

A slew of draft rules have been published in the past two weeks for the new bourse as regards information disclosure, trading, supervision and management, among others, all effective November 15.

In a sign that the new bourse has been fast-tracked since its announcement at the annual services trade fair in Beijing in early September, over 2.1 million investors have cumulatively made reservations for access to BSE trading as of Friday, and the number of qualified investors is estimated to top 4 million after the new bourse's launch, the Friday statement said. 

The BSE's official membership includes 112 brokerages. In addition to the initial 10 firms that have readied themselves for debut on the new bourse on November 15, another 71 are in the pipeline, bringing the first batch of BSE listings to 81.

The handling fee of BSE trades was also revealed Friday to be 0.05 percent of trading value for both sides, more than 10 times the handling rate at 0.00487 percent of trading value in the Shanghai and Shenzhen markets. 

The technical system for the BSE's launch has been upgraded, and the new bourse's internal organization and staffing are in place, according to the bourse, vowing to turn into a major platform for innovation-oriented small and medium-sized businesses.

Albeit positioned as a platform for smaller firms, the new market is expected to be on pace for brisk trading to an extent that might make it a rival of the tech-heavy ChiNext board in Shenzhen, Dong Shaopeng, an expert advisor for the China Securities Regulatory Commission, told the Global Times. 

The daily turnover of A shares averages about 1 trillion yuan ($156.22 billion), while the reading for the entire selection tier, the very basis for the new bourse, stands at merely 390 million yuan, according to GF Securities.