综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Beijing Stock Exchange gives a new boost to SMEs

By Zhao Shiyue | chinadaily.com.cn | Updated: 2021-12-13 15:40
Share
Share - WeChat
The logo of China's Beijing Stock Exchange is seen in this illustration picture. [Photo/Agencies]

A total of 82 companies had listed on the Beijing Stock Exchange by Dec 8, covering 25 sectors of the national economy with accumulative transactions at 43.02 billion yuan ($6.76 billion), an average increase of 101.49 percent, the People's Daily reported on Monday.

The new bourse has put more small and medium-sized enterprises in the spotlight of the capital market, and eased their financing difficulties to further spur innovative vitality.

Beijing Tri-Prime Gene Pharmaceutical Co Ltd, a biomedicine company that moved to the BSE from NEEQ Select - the highest tier of the National Equities Exchange and Quotations system, is revving up production of the interferon drugs at its smart factory.

"Listing on the Beijing bourse is like 'putting an accelerator' for innovation'," said Cheng Yongqing, chairman of Tri-Prime Gene.

"A company's innovation capability requires large amount of fund support... but SMEs are commonly weak in financing due to the lack of adequate mortgage and guarantee," Cheng added.

Tri-Prime Gene quickly build its name after the BSE listing, with corporate financing channels broadening greatly, which gave a strong impetus to the ongoing research and development projects.

Yang Peng, president secretary of the Shaanxi Tonly Heavy Industries Co Ltd, said the listing helped the company to raise money for building an automobile factory in Xi'an, with equipment added and R&D teams expanded.

"After listing on BSE, the program is expected to be put into operation one year earlier," he said.

Yang was also impressed by the continuous financing system that Beijing bourse tailored for innovative SMEs.

According to BSE guidelines, a company can refinance after six months of going public, with diversified issuing mechanism and financing tools offered, such as common stock, preferred stock as well as convertible bond.

"Beijing bourse serves for companies that are in early stage of development, with relatively small business scale but strong innovative capability. About 80 percent of listed firm are from advanced manufacturing, high-tech services and strategic emerging industries," said Li Xudong, managing director of China Securities.

Liu Xiaoliang, president secretary of Nutrichem, an agrochemical company based in Beijing, said the BSE lowered the cost and difficulty of listing for SMEs.

It gave a chance for those firms with relatively weak finance capability to raise money, he said, and the time for reviewing the listing materials has been shortened to about two month.

Tian Xuan, an associate dean and a professor of finance at the PBC School of Finance, Tsinghua University, highlighted the differentiation should be further expanded between BSE, ChiNext and the STAR market, in issuance conditions, trading mode and governance mechanism.

According to the BSE, the bourse will improve inclusiveness for more SMEs and continuously optimize its listing access conditions. It will also guide private and public funds to increase investment, and encourage long-term funds such as insurance funds and social security funds to enter the exchange.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
水富县| 越西县| 甘孜| 元阳县| 乌兰县| 广元市| 高碑店市| 永泰县| 明溪县| 阜阳市| 射阳县| 东城区| 张家口市| 本溪| 天峻县| 桐乡市| 咸阳市| 万安县| 大宁县| 江北区| 正阳县| 黑山县| 仙桃市| 芒康县| 峨边| 济阳县| 延庆县| 潜江市| 平武县| 塔城市| 航空| 科技| 股票| 竹北市| 区。| 北海市| 蛟河市| 苗栗县| 团风县| 景宁| 新乡县|