Beijing Stock Exchange Photo:Chi Jingyi/GT

 
The number of investors on the Beijing Stock Exchange (BSE) exceeded 4.8 million as of the end of January, increasing 2.8 times compared with the pre-September announcement period, Xinhua News Agency reported on Tuesday.

The bourse, launched on November 15 last year to ease the long-standing financing challenges faced by small and medium-sized enterprises (SMEs), offers an upward channel for SMEs by giving full play to its system of board transfers. 

Since the opening of the BSE, operations have been run smoothly with transaction volumes rising and improved trading mechanism. As of the end of January, the average daily turnover rate of the bourse reached 2 percent, in line with the liquidity of small and medium-sized stocks.

Moreover, the BSE offers a link in the transfer system - that is, it absorbs high-quality SMEs from the innovation layer of the China's National Equities Exchange and Quotations, known as the "new third board (NTB)" and delivers them to the Shanghai STAR Market or Shenzhen's ChiNext board, providing an upward channel for the SMEs.

Driven by the spillover effect from the BSE, trading on the basic and innovation bourses of the NTB has improved significantly. In 2021, the trading volume of the two bourses gained a year-on-year increase of 19.76 percent, among which the turnover of market-making stocks rose 37.76 percent from 2020 levels.

Global Times