1. Beijing Stock Exchange (hereinafter referred to as "North Stock Exchange") was incorporated on September 3, 20021. The State Council approved the establishment of the first company-based stock exchange in China, which is supervised and managed by the China Securities Regulatory Commission. The business scope includes providing places and facilities for centralized securities trading according to law, organizing and supervising securities trading and securities market management services.
2. Social impact of the North Stock Exchange: The establishment of the Beijing Stock Exchange means that the New Third Board, which is dedicated to serving small and medium-sized enterprises, will stand at a new starting point for reform, and the reform and development of China's capital market will take another crucial step.
The establishment of Beijing Stock Exchange will inevitably enhance the ability of the New Third Board to serve small and medium-sized enterprises.
The establishment of Beijing Stock Exchange will form a pattern of dislocation development and interconnection of Beijing Stock Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange, and regional equity market. The multi-level market structure of China's capital market will be further improved, and China's capital market will be more dynamic and flexible.
3. The development goal of Beijing Stock Exchange: to build a set of basic institutional arrangements suitable for the characteristics of innovative SMEs, including issuance, listing, trading, delisting, continuous supervision and appropriate management of investors, so as to make up for the shortcomings of multi-level capital markets in developing inclusive finance.
Smooth the link function of Beijing Stock Exchange in the multi-level capital market, and form a direct financing growth path for SMEs that complement and promote each other. Cultivate a number of specialized and innovative small and medium-sized enterprises, and form a benign market ecology with high enthusiasm for innovation and entrepreneurship, active participation of qualified investors, and due diligence of intermediaries.
4. Significance of the establishment of the North Stock Exchange: According to the official website news of the CSRC, deepening the reform of the New Third Board and establishing the Beijing Stock Exchange are the internal needs of the capital market to better support the development and growth of small and medium-sized enterprises, the inevitable requirements of implementing the national innovation-driven development strategy, and the important measures to comprehensively deepen the reform of the capital market under the new situation. The CSRC will further deepen the reform of the New Third Board, set up the Beijing Stock Exchange on the basis of the selection of the existing New Third Board, further enhance the ability to serve small and medium-sized enterprises, and build the main position of service-oriented small and medium-sized enterprises.