According to the Notice on Launching the Whole Network Test of Beijing Stock Exchange issued by Beijing Stock Exchange, in order to verify the technical preparation of market participants' technical systems for various businesses of Beijing Stock Exchange, National Small and Medium Enterprise Share Transfer System Co., Ltd., Beijing Stock Exchange, China Securities Depository and Clearing Co., Ltd., Shenzhen Securities Communication Co., Ltd. and China Securities Index Co., Ltd. jointly set up a test environment for the market to conduct the whole network test. The first test of the whole network was on September 25th, 221. The second network test time is October 9, 221. In addition to the whole network test, there should be a customs clearance test later. Customs clearance test is generally a trading function on the first day of opening.

according to the extract of CICC research report, there is no exact timetable at present, and we initially expect that the official appearance time may be in the middle to the second half of 222. At present, there is no timetable for the official opening of the North Exchange. Drawing lessons from some previous relevant arrangements, it took science and technology innovation board eight months to formally open the board; The selection layer was officially put forward in October 219 and officially started trading in July 22, after a lapse of 9 months. Considering that the establishment of the North Exchange is a new establishment at the exchange level, and its complexity is far more than that of science and technology innovation board and the selection layer, we expect that the gradual implementation of the details system of the North Exchange may be in the first half of 222, and the official appearance time is likely to be in the middle to the second half of 222.

It is preliminarily estimated that there will be about 1-2 listed companies in the North Stock Exchange by the end of 222. At present, there are 66 companies that have moved from the selected layer to the North Exchange. According to the draft published by the North Exchange, there are 59 companies that meet the listing requirements of the North Exchange based on the financial level only in the innovation layer, regardless of the industry attributes. From this, it can be seen that the North Exchange does not lack companies that can enter the North Exchange from the innovation layer in the short term. If it is assumed that the North Exchange will officially open around the second half of 222, and according to the current IPO rhythm, it is estimated that by the end of 222, the number of listed companies in the North Exchange may reach about 1-2.

Image source: Baidu Image

Extended content:

Beijing Stock Exchange (hereinafter referred to as North Stock Exchange) was incorporated on September 3, 221. It is the first company-based stock exchange approved by the State Council and supervised by 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. (Source: official website, Beijing Stock Exchange)