The Beijing Stock Exchange (BSE; ) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

based in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. It is one of the three stock exchanges operating independently of each other in

mainland China "Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

, the others being the

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

and the

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

History

The Beijing municipal government had lobbied for years to upgrade the National Equities Exchange and Quotations (NEEQ) exchange (nicknamed "The New Third Board" (新三板)) to act as a home for US-listed Chinese firms. On 2 September 2021,

Xi Jinping Xi Jinping, pronounced (born 15 June 1953) is a Chinese politician who has been the general secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (China), chairman of the Central Military Commission ...

announced the establishment of the Beijing Stock Exchange (BSE). The purpose was to help serve

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organiza ...

(SMEs) in China. This was accomplished by reforming the NEEQ exchange and establishing up the BSE as the primary platform for SMEs. As of 2020, the NEEQ exchange had almost 6,000 companies listed, with most of them being SMEs. On 3 September 2021, Beijing Stock Exchange Co., Ltd. completed its business registration as a company. The registration information showed that NEEQ was the sole shareholder, making it the owner of the BSE. The registered capital was RMB 1 billion, and the registered address was the same as NEEQ's. On 17 September 2021, the BSE issued guidelines on the qualifying criteria for investors. On 30 October 2021, the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the C ...

published rules for the exchange regarding

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

s (IPO),

refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...

, and supervision. On 15 November 2021, trading on the BSE commenced. 81 companies debuted trading on the exchange that day: 71 were transferred from the "Select tier" of the NEEQ exchange, while the remaining 10 held their trading debuts.

Rules

* Individual investors are required to have securities assets of at least RMB 500,000 and at least two years of experience in securities investing to qualify for trading on the bourse. *Institutional investors are not subject to capital requirements. *On the debut trading day of a stock, there is no limit on a stock's price change. Trading will be temporarily suspended for 10 minutes if the stock's price rises above 30% or drops over 60%. *After the first trading day, stocks traded on the exchange will not be allowed to rise or fall more than 30% within a single trading day.

References

External links

* {{Authority control Stock exchanges in China Economy of Beijing Companies based in Beijing Organizations based in Beijing 2021 in Beijing

History

Rules

See also

Lists

References

External links