The Beijing Stock Exchange Was Inaugurated And Opened

On November 15, the unveiling and opening ceremony of the Beijing Stock Exchange was grandly held in Beijing. Cai Qi, secretary of the Beijing Municipal Party Committee, and Yi Huiman, secretary and chairman of the China Securities Regulatory Commission, jointly unveiled the plaque for the Beijing Stock Exchange and rang the bell to open the market. Beijing Municipal Party Committee and Mayor Chen Jining attended the ceremony and delivered a speech. Wang Ruihe, Deputy Director of the Legal Work Committee of the Standing Committee of the National People’s Congress, Li Meng, Deputy Minister of Science and Technology, Xu Xiaolan, Deputy Minister of Industry and Information Technology, Yu Weiping, Deputy Minister of Finance, People’s Bank of China Vice President Liu Guiping, Vice-Ministerial Full-time Member of the Supreme People’s Court Trial Committee Liu Guixiang, Vice Chairman of China Banking and Insurance Regulatory Commission Xiao Yuanqi, Vice Chairman of China Securities Regulatory Commission Li Chao, Vice Chairman of China Securities Regulatory Commission Fang Xinghai, Central Commission for Discipline Inspection and State Supervision Commission Fan Dazhi, Head of Disciplinary Inspection and Supervision Team of China Securities Regulatory Commission, Wang Jianjun, Vice Chairman of China Securities Regulatory Commission, Cui Shuqiang, Executive Deputy Mayor of Beijing, Yin Yong, Deputy Mayor of Beijing, Zhang Jiaming, Secretary-General of Beijing Municipal Committee, Dai Binbin, Secretary-General of Beijing Municipal Government, and from the Central Government The responsible comrades of the Propaganda Department, the Office of Cyberspace Affairs, the National Development and Reform Commission, the Ministry of Public Security, the Supreme Procuratorate, the relevant departments of the China Securities Regulatory Commission, the responsible comrades of the units in Beijing, the relevant departments of Beijing, and the responsible comrades of Xicheng District attended the ceremony. Ming attended the ceremony and delivered a speech, and Sui Qiang, general manager of Beijing Stock Exchange, presided over the ceremony.
In his speech, Chairman Yi Huiman pointed out that the establishment of the Beijing Stock Exchange is a major decision and deployment made by the Party Central Committee and the State Council to build a new development pattern and promote high-quality development. It is important for further improving the multi-level capital market and accelerating the improvement of financial support for small and medium-sized enterprises. The system, the promotion of innovation-driven development and economic transformation and upgrading are all of great significance. The Beijing Stock Exchange officially opened today. This is another major innovative measure to deepen the reform of the NEEQ and promote the high-quality development of the capital market after the official launch of the selection layer in July last year. It has also been in operation for the NEEQ for more than eight years. Actively explore a new starting point for inclusive finance in the capital market with Chinese characteristics. The China Securities Regulatory Commission will always take Xi Jinping’s thoughts on socialism with Chinese characteristics in the new era as its guidance, insist on seeking progress while maintaining stability, implement the new development concept, adhere to “system building, non-intervention, and zero tolerance”, continue to deepen the reform of the new third board, and strive to successfully run Beijing Securities Exchanges, to create the main position of service-innovative small and medium-sized enterprises. It is hoped that the Beijing Stock Exchange will keep in mind its original mission, adhere to dislocation development, highlight its characteristics, and solidly promote institutional innovation that suits the characteristics of small and medium-sized enterprises based on the pilot registration system; promote the improvement of the quality of listed companies, and maintain the order and smooth operation of the “three publics” in the market. Protect the legitimate rights and interests of investors; strengthen the organic linkage with the innovative and basic layers of the New Third Board, deepen the coordinated development with the Shanghai and Shenzhen Stock Exchanges and regional equity markets, and jointly create a good ecosystem for the development of multi-level capital markets.
In his speech, Chairman Xu Ming stated that Beijing Stock Exchange will focus on the goal of building a main position for serving innovative SMEs and actively explore the establishment of a policy system, institutional system, and service system suitable for the innovative development of SMEs. Continued efforts in the following aspects: First, to be more tolerant. Make innovative SMEs more convenient and smoother, and expand service coverage. The second is more precise. Focus on the pain points and difficulties of innovative SMEs in financing, talent introduction, resource integration, etc., optimize targeted institutional arrangements, and enhance the sense of enterprise gains. The third is to be more innovative. On the basis of following the general rules of exchange construction, actively explore innovations in financing methods, trading products and tools to facilitate the connection of investment and financing. Fourth, it is more dynamic. Converge policies from all parties, broaden the scope of the market, tap the depth of the market, introduce diversified funds, cultivate characteristic intermediaries, improve investor suitability management, and create a good market environment for the better and faster development of innovative small and medium-sized enterprises, and provide investors and all parties in the market. Create a positive market culture.
Cheng Yongqing, Chairman of Ternary Gene, Chen Gongyan, Chairman of Galaxy Securities, and Zhao Guicai, Chairman of ICBC Credit Suisse, spoke on behalf of listed companies, sponsors and institutional investors.
Standing at a new starting point, we will follow the spirit of General Secretary Xi Jinping’s important instructions and the unified deployment of the Party Central Committee and the State Council, and under the strong leadership of the China Securities Regulatory Commission, we will accurately grasp the practical requirements for implementing the spirit of the Sixth Plenary Session of the 19th Central Committee, and stick to it. With the original intention and the mission in mind, we will actively explore and innovate, build the Beijing Stock Exchange with high quality, and go all out to build the main position of service-innovative small and medium-sized enterprises.