Beijing Stock Exchange Photo:Li Hao/GT

All the 217 publicly listed shares on the Beijing Stock Exchange (BSE) rallied during the morning session on Monday, as China's securities regulator announced a new round of comprehensive reform measures to improve the trading house's stable and high-quality development, while better serve small and medium-sized enterprises (SMEs).

By noon, two companies involving Hunan Wuxin Tunnel Intelligent Equipment Co and Long Bamboo Technology Group Co rose by more than 20 percent, with Long Bamboo Technology shares hitting the daily ceiling of 30 percent growth, 

In addition, nine shares including Zhejiang Haosheng Electronic Technology Co rose by over 10 percent. Among all the companies listed on the BSE, Hanon Advanced Technology rose by the least, or 1.2 percent.

On Friday, the China Securities Regulatory Commission (CSRC) said it will improve the quality of listed companies and allow eligible high-quality SMEs to issue IPOs and be listed on the BSE.

CSRC also noted the importance of enhancing market liquidity, saying that "it is essential to have sufficient liquidity to support a further development of the BSE," adding liquidity is the lifeblood of an exchange.

The BSE said on Sunday that 90 percent of the companies listed on the exchange made a profit in the first half of 2023 as the government's growth-reinforcing policies kicked in. 

Currently, there are 217 listed companies on the BSE, nearly three times the number when the market was first launched, of which high-tech enterprises account for more than 90 percent. To date, there are 5.57 million qualified investors on the BSE. The BSE started trading on November 15 of 2021, with 81 companies debuting on the bourse.