On September 2nd this year, the Beijing Stock Exchange (BSE) celebrated the third anniversary of its establishment announcement.

The latest data obtained by Yicai from the BSE shows that currently, the number of qualified investors in the BSE has exceeded 7 million, attracting institutional capital from private equity, public funds, social security, and insurance. In terms of market size, as of now, the BSE has 251 listed companies with a total market value of approximately 300 billion yuan.

Regarding company listings and transfers, according to the reporter's understanding, nearly 80 companies from regional equity markets' "specialized, refined, and innovative" special boards and others have used green channels and public review mechanisms to list on the New Third Board; 3 companies from the BSE have transferred to the STAR Market and the Growth Enterprise Market, and there are still companies preparing for transfers.

Overall, in the past three years, the BSE has initially gathered a group of innovative small and medium-sized enterprises (SMEs).

As of September 2nd this year, a total of 251 companies were listed on the BSE, with a total market value of about 300 billion yuan, raising 53 billion yuan through public offerings and 1.35 billion yuan through follow-on financing.

In terms of the overall business performance of the listed companies, looking at the performance, in 2023, the listed companies on the BSE achieved a total operating income of 176.029 billion yuan, with an average of 701 million yuan, nearly 60% of the companies increased their operating income, and over 90% were profitable.

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Recently, the disclosure of the mid-year reports of the listed companies has concluded. On the BSE side, the aforementioned 251 companies achieved a total revenue of 78.496 billion yuan, with an average of 313 million yuan.

The BSE is positioned to become the main platform serving innovative SMEs, how is the service for "specialized, refined, and innovative" companies?

Data shows that currently, among the 251 listed companies on the BSE, 129 companies have been selected into the national list of "specialized, refined, and innovative" little giant enterprises, with new technology companies accounting for over 90%, and strategic emerging and advanced manufacturing industries accounting for more than 80%.

In terms of R&D indicators, in the first half of this year, the R&D expenses of BSE companies reached 3.73 billion yuan, a year-on-year increase of 2.47%, with over 60% of the companies increasing their R&D investment year-on-year.In terms of institutional construction and assisting corporate financing, what progress has been made in the market construction since the establishment of the Beijing Stock Exchange (BSE) three years ago?

Overall, the BSE has achieved phased progress in building a main platform to serve innovative small and medium-sized enterprises (SMEs).

This is specifically reflected in three aspects: In terms of institutional arrangements, four sets of listing standards have been designed, and a distinctive institutional system covering various stages such as listing admission, issuance and listing, ongoing supervision, follow-on financing, and trading has been constructed and continuously improved; In terms of the growth path of enterprises, the BSE has developed in coordination with the New Third Board, meeting the needs of SMEs at different development stages through institutional docking with regional equity markets and the mechanism of listed company transfers.

In terms of assisting corporate financing, a small, flexible, and rapid follow-on financing mechanism has been formed. Data shows that, as of now, the BSE has raised a total of 53 billion yuan through public issuance of stocks, with an average of 206 million yuan of financing per company, and the New Third Board market has completed a cumulative 13,000 targeted issuances, raising a total of 589.9 billion yuan.

At the same time, the BSE has now formed a parallel development pattern of stocks and bonds. Data indicates that the exchange has served the issuance of 7.67 trillion yuan in government bonds and 640.607 billion yuan in local government bonds; in terms of credit bonds, it has formed a basic bond product system that includes 10 special varieties such as corporate bonds, enterprise bonds, and innovation and green bonds, with a total of 8 credit bonds issued and a combined scale of 9 billion yuan.