The Beijing Stock Exchange has opened. Many people want to know whether it will be easier to make money in the newly opened market? In fact, this depends on the market positioning. If you position yourself in a blue ocean, it may be easier in theory. Of course, this is only theoretically speaking.
In fact, the positioning of the Beijing Stock Exchange is somewhat different from the GEM of the Shenzhen Stock Exchange and the Science and Technology Innovation Board of the Shanghai Stock Exchange. The introduction always emphasizes that it mainly serves to cultivate and develop specialized new types of enterprises. Small and medium enterprises.
To understand this, we need to plan for long-term development, support those specialized and new enterprises, take root in some specialized fields, and go deep and thorough. Therefore, it is possible that what is important is not large and comprehensive, but refined and deep. Of course, this is just my personal opinion. We still need to look at some specific arrangements of the system later.
Then this must be a long-term perspective and encourage long-term value investment. In terms of aspirations, we hope that this type of enterprise will develop stably and preferably become a century-old store. But we can’t say what the reality will be. As you can imagine, if you want to make quick money, the philosophy seems to be different.
Currently, there are about 180 million valid A-share accounts, of which more than 90% are accounts with positions or funds totaling less than RMB 500,000. But to open an account on the Beijing Stock Exchange, the minimum account capital requirement is 500,000, which means that most retail investors are below this account opening threshold.
According to the Shanghai Stock Exchange’s annual report, 85% of the Shanghai Stock Exchange’s daily trading volume comes from retail investors, while institutional investors only account for 15%. In other words, retail investors are the main participants in daily transactions in the Chinese stock market.
There are currently about 4 million investors opening accounts on the Beijing Stock Exchange, and the market activity may need to be observed. The first batch of listed companies on the North Exchange was 81, of which only 10 were new shares listed on the North Exchange, and the other 71 stocks were moved from the selection layer.
Beijing’s securities market will be a financing channel for Internet companies, technology companies, and emerging industries. It will change the dilemma of outstanding companies having to go public abroad. It will also give Chinese investors more options to participate. The economic growth brought about by the new economy allows the stock market to truly reflect the economy.