2023-09-09 13:16:53
On September 1, the China Securities Regulatory Commission formulated and issued the “Opinions on High-Quality Construction of the Beijing Stock Exchange” (hereinafter referred to as the “Opinions”). In order to further promote the stable development and reform and innovation of the Beijing Stock Exchange, a total of 19 measures were put forward in five major aspects. The opinions on sex are called Beijing Exchange’s “19 in-depth reforms”.
On the evening of September 8, the trading data for the first week after the release of the “19 Deep Reforms” of the Beijing Stock Exchange was released: the Beijing Stock Exchange 50 Index rose by 1.81% cumulatively, with an average daily turnover of 1.986 billion yuan, a month-on-month increase of 45.83%.Excluding those listed in Septembernew sharesa total of 7 North Exchange stocks hit record highs this week.
Nearly 10 billion yuan in transactions throughout the week
In the first week after the release of the “19 In-depth Reforms” of the North Exchange, the trading activity of the North Exchange increased significantly, and the market showed a restorative upward trend.
Data released by the Beijing Stock Exchange on September 8 showed that from September 4 to 8, the North Securities 50 Index rose by 1.81%, with a weekly turnover of 9.928 billion yuan, close to 10 billion yuan; the average daily turnover was 1.986 billion yuan, month-on-month. An increase of 45.83%; the average daily turnover rate was 1.42%, an increase of 0.39 percentage points month-on-month.
Stimulated by the favorable news released by the new reform policies and the entry of new investors, the stock prices of the North Exchange stocks also rose. Wind’s statistics show that the weekly increases of Jinhao Medical, Audiway, and Wuxin Tunnel Equipment all exceeded 16%, and the weekly increases of Deyuan Pharmaceutical, Tiangang Shares, Digital People, Bingyang Technology, and Chuangyuan Xinke also exceeded 10%. %. In addition, Longzhu Technology, Guangmai Technology, Combit, Bond Shares, etc. also performed actively, ranking among the top gainers.
Statistics also show that excluding the two stocks listed on the Beijing Stock Exchange in Septembernew sharesa total of 7 Beijing Stock Exchange stocks hit record highs, including Tiangang Shares, Kangbite, Jinbo Biotech, Sanxiang Technology, Litong Technology, Jikang Instruments and Luce Shares.
Data also showed that more than 170,000 new accounts were opened on the Beijing Stock Exchange this week, much higher than before the policy was introduced. According to the new regulations of the Beijing Stock Exchange, when investors who have opened the Shanghai Stock Exchange’s Science and Technology Innovation Board permission apply to open the North Exchange’s permission, they do not need to meet the conditions of assets of 500,000 yuan and 24 months of trading experience. The securities company knowledge assessment link is cancelled. Investors sign After submitting the risk disclosure letter, the authority of the North Exchange can be opened. An insider at a securities firm said that the Beijing Stock Exchange account opening function of his brokerage went online at lightning speed. On September 4 alone, nearly 10,000 customers applied for one-click access to the Beijing Stock Exchange. Market participants expect that after the promulgation of the “Opinions”, the size of the Beijing Stock Exchange’s investor team is expected to increase to tens of millions. Wang Li, deputy general manager of the Beijing Stock Exchange, said at the Second Financial Street Asset Management Forum held on September 6 that by facilitating investors to open accounts, the Beijing Stock Exchange has room for at least 4 million incremental investors, superimposed and guiding institutions Arrangements such as entering the market and allowing private equity secondary market purchases will further enrich the types of investors.
Centaline Securities believes that the market center of the Beijing Stock Exchange moved downward in August, the valuation level reached a historical low, and the valuation advantage once again appeared. With the major release of the China Securities Regulatory Commission’s “Opinions on High-Quality Construction of the Beijing Stock Exchange” and the eight reform measures of the Beijing Stock Exchange, favorable policies continue to be released, and the market is expected to be repaired. In the short term, it is recommended to focus on consumer sectors such as automobiles, food and beverages, and computers on the North Exchange. In the long term, it is recommended to focus on low-valuation sectors such as communications, basic chemicals, and power equipment on the North Exchange.
Zhou Yunnan, a senior NEEQ commentator and founder of Beijing Nanshan Investment, predicts that the market bottom of the North Exchange will most likely be at the lowest point on August 25. On that day, the North Securities 50 Index hit a new low of 751.39 points, that is, the North Exchange The policy bottom is the market bottom. However, he also said that the final confirmation of the true market bottom of the Beijing Stock Exchange depends on the intensity and speed of the implementation of the “19 Articles of Deep Reform of the North Exchange”.
Entering high-quality construction version 2.0
Since this week, the Beijing Exchange has held a series of activities to communicate with all walks of life to interpret the background, significance and main measures of this reform. The main leaders of the Beijing Exchange have also made frequent public appearances to share their views on the in-depth reform of the Beijing Exchange. understanding.
On September 7, the Beijing Exchange jointly held the first national policy interpretation meeting of the Beijing Exchange’s “19 Deep Reforms” in conjunction with the Beijing Municipal Financial Supervision Bureau, the Zhongguancun Management Committee of the Municipal Science and Technology Commission, the Municipal Economic and Information Bureau, and the Beijing Securities Regulatory Bureau. Sui Qiang, general manager of the Shanghai and Beijing Stock Exchange, said that this reform is a comprehensive and systematic reform that exceeds expectations. It is a reform that activates the market and boosts confidence. It provides a rare period of strategic opportunity for companies to go public. The Beijing Stock Exchange will Enter quality construction version 2.0. In Sui Qiang’s view, this reform starts from solving key issues such as market liquidity and attractiveness, from the perspective of forming characteristics and comparative advantages, and in accordance with the basic configuration and basic functions of the exchange, in terms of investment entities, investment targets, and transactions. The system, trading tools and trading environment have comprehensively and systematically increased the supply of systems and products, clarifying the high-quality development route of the Beijing Stock Exchange.
At the Second Financial Street Asset Management Forum, Wang Li said that the Beijing Exchange’s “19 Deep Reforms” not only proposed a series of specific reform measures, but more importantly, planned the high-quality development of the Beijing Exchange in the medium and long term. New vision. It is clear that with the overall goal of building a leading position for serving innovative small and medium-sized enterprises, the Beijing Stock Exchange will be built into a modern stock exchange with all elements, functions and distinctive features.
Huafu Securities believes that in terms of main goals, this “Opinion” puts forward the mid-term (3-5 years) and long-term (5-10 years) work goals of the Beijing Stock Exchange, and the stages are very clear. In the medium term, the development focus of the Beijing Exchange will be on efficiency improvement, capacity expansion and other indicators, and the “main position” effect of serving innovative small and medium-sized enterprises will be more obvious; in the long term, the Beijing Exchange must be built into an attractive brand and market Exchange of influence. Under the set goals, the “Opinions” put forward a series of targeted measures from the “investment end, financing end and transaction end”. He expressed his belief that with the continuous implementation of the “Opinions”, the Beijing Exchange will achieve rapid and steady development.
Guangdong Securities stated that the “Opinions” are a key institutional change that is long-term and has been brewing for a long time. As the main position of serving small and medium-sized enterprises, the Beijing Exchange is an important innovation in building a capital market with Chinese characteristics. There is no mature overseas experience that can be “copied and misappropriated”. The launch of the “Opinions” at this time is of course closely related to the tone set by the Politburo meeting of “activating the capital market”, but judging from the regulatory stance, it is a long-term system that has been “long in the making” and has been carefully demonstrated. Changes target long-term pain points such as market liquidity, market ecology, and basic systems, and require patience and affirmation of policy results. In the future, the Beijing Stock Exchange market is expected to be structurally reshaped, and investors’ willingness to participate will be significantly increased.
Shen Wanhongyuan believes that after the release of the “Opinions”, the Beijing Exchange will usher in a new construction stage: first, the policy objectives will be clearer and the organizational guarantee will be stronger. It is expected that the intensity and efficiency of subsequent reforms will be greatly enhanced; second, the service innovation of the Beijing Exchange The capabilities of small and medium-sized enterprises will be strengthened, the index system of the North Exchange will be richer, the product system will be more diversified, and the market functions will be significantly strengthened; third, the ecological construction of the North Exchange will be accelerated.
(Source of article: Securities Times.com)
Source of article: Securities Times Network
Original title: In the first week of the implementation of the “19-Article Deep Reform” of the Beijing Stock Exchange: the average daily trading volume increased by more than 40%, and the stock prices of 7 stocks hit a record high
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