Recently, the public offering application and acceptance of the Beijing Stock Exchange has reached a peak. As of July 10, the number of queuing companies has increased to 136.In the past two weeks (June 27 to July 10), a total of 59 companies updated their issuance review status, which was significantly faster than the previous two weeks (25 companies updated their issuance review status).
"With the gradual increase in the number of high-quality listed companies, the brand effect and scale effect of the Beijing Stock Exchange will gradually form, laying a good foundation for market reforms such as the launch of the Beijing Stock Exchange market index." Founder and partner of Beijing Liver Investment Management Co., Ltd. Chang Chunlin told the "Securities Daily" reporter.
59 companies update issuance review status
According to a reporter from Securities Daily, according to the website of the Beijing Stock Exchange, from June 27 to July 10, a total of 59 companies updated their issuance review status, of which 43 new listing applications were accepted, and 15 companies' review status was updated to Asked Inquiries, 1 company suspended the listing process.
Liu Jing, chief analyst of Shenwan Hongyuan Specialist, told the "Securities Daily" reporter that the number of companies applying for the Beijing Stock Exchange has increased significantly in the past two weeks, which is related to two factors. The number of innovative companies reached a record high, providing high-quality resources for the Beijing Stock Exchange; second, due to seasonal factors, after the annual report was released at the end of April, the number of applications began to increase.
From the perspective of stratification in the first half of 2022, there are a total of 515 newly entered companies, of which 348 companies meet the financial conditions for listing on the Beijing Stock Exchange, accounting for 67.57%.89 new-level companies have submitted the listing guidance and filing materials of the Beijing Stock Exchange.
In terms of performance, the overall profit level of queuing companies is comparable to that of companies listed on the Beijing Stock Exchange.According to the "Securities Daily" reporter, the median net profit of the 136 queuing companies in 2021 is 42.11 million yuan, while the data of 102 companies listed on the Beijing Stock Exchange is 42.82 million yuan.
"From the perspective of the quality of queuing companies, it has been significantly improved compared to before." Zhang Keliang, head of the market making business of Bohai Securities, said in an interview with a reporter from "Securities Daily" that the establishment of the Beijing Stock Exchange, on the one hand, reduced the cost of enterprises. The threshold for listing, on the other hand, improves the efficiency of listing, so high-quality companies are also willing to list directly on the Beijing Stock Exchange.
Chang Chunlin said that the 136 queuing companies have excellent quality, high growth potential, and profitability and other indicators have been greatly improved. These companies adhere to the innovation-driven development path. After the full cultivation of the new third board market, they have achieved rapid development, which is initially in line with the Northeast China market. Exchange listing standards.
The market is looking forward to the North Exchange Index
The data shows that the current average time for project review by the Beijing Stock Exchange (from acceptance to approval/registration) is 143 days.Project audits with good quality of enterprises and diligent and responsible intermediaries will be more efficient.
Based on this calculation, the number of publicly listed companies on the Beijing Stock Exchange will double by the end of this year.Industry insiders expect that with the basis of volume, the North Exchange Index will also be released at an opportune time to provide investors with more trading options and guidance.
"The North Exchange Index has always been what the market is looking forward to." Zhang Keliang said that the launch of the North Exchange Index requires a certain number of listed companies and a certain amount of market operation time.From the current point of view, the number of listed companies on the Beijing Stock Exchange has been improved to a certain extent, but the base is still not large enough.It is expected that the North Exchange Index will be launched smoothly in the fourth quarter of this year.
Chang Chunlin predicts that the Beijing Stock Exchange Index will refer to the listing time and liquidity indicators, mainly market value indicators, and establish a regular adjustment mechanism.Therefore, companies with good liquidity and high market capitalization among the companies listed on the Beijing Stock Exchange will be preferentially included in the Beijing Stock Exchange Index.
He further stated that the launch of the North Exchange Index is of great significance.On the one hand, it will further facilitate investors to understand the market situation and enhance the brand effect and influence of listed companies in the Beijing Stock Exchange; The level of liquidity and activity of the company is significant.
Our reporter Meng Ke
