It can be opened if the following conditions are met: 1. Investors who have opened trading rights on the Beijing Stock Exchange need to automatically transfer their trading rights to the Beijing Stock Exchange.

Investors participating in selected tier stock transactions still need to meet the securities asset standard of 1 million yuan.

At the same time, for the convenience of investors, investors can apply to the securities companies they entrust to make an appointment to open the trading institution of the Beijing Stock Exchange. The Beijing Stock Exchange stated that investors in the innovation layer and basic layer of the New OTC Market will include those of the Beijing Stock Exchange.

stock.

2. The capital threshold for innovative investors is adjusted from 1.5 million yuan to 1 million yuan.

The National Equities Exchange and Quotations issued the "Administrative Measures Applicable to Investors in the National Small and Medium-sized Enterprise Equity Transfer System", in which the capital threshold for innovative investors was adjusted from 1.5 million yuan to 1 million yuan.

If investors participate in the trading of selected tier stocks, they should refer to the requirements of the innovation tier investor access standards.

Previously, the "Investor Suitability Management Measures" released in 2019 stipulated that the entry thresholds for investors at the selection level, innovation level, and basic level were 1 million yuan, 1.5 million yuan, and 2 million yuan respectively.

The amendment is to lower the capital threshold for investors at the innovative level by 500,000.

3. After the opening of the Beijing Stock Exchange, the average daily securities assets of individual investors in the 20 trading days before the opening of the trading institution reached 500,000 yuan, and they had more than 2 years of securities investment experience.

At the same time, after the revised rules are released, the scope of trading permissions of investors who opened trading permissions in the selection stage in the early stage will be automatically extended to innovation-level stocks without further application by investors.

Before the opening of the Beijing Stock Exchange, investors who have opened the trading rights layer will automatically transfer their trading rights to the Beijing Stock Exchange.

At the same time, the Beijing Stock Exchange will adhere to comprehensive development and system linkage combined with the innovation layer and basic layer of the New Third Board.

The New Third Board with trading rights for investors and the innovative and basic layers of trading rights will include stocks from the Beijing Stock Exchange.

After formulating the rules, before the opening of the Beijing Stock Exchange, investors still need to meet the securities asset standard of 1 million yuan before they can participate in the trading of selected stocks.

The Beijing Stock Exchange guides securities companies to formulate and improve suitability management systems and processes, promotes investor appointment account opening in an orderly manner, and does a good job in investor risk disclosure, creating good conditions for deepening the reform of the New OTC Market and the smooth opening of the Beijing Stock Exchange.

Wang Junguo, chairman of the Tour Guide Fund, said that the main body of companies listed on the Beijing Stock Exchange are innovative small and medium-sized enterprises.

Generally speaking, operating results and stock prices fluctuate widely.

Relevant departments and regulatory agencies will guide securities companies to fully utilize investment risks.

The launch of the New Third Board is an important exploration of the capital market for small and medium-sized enterprises.