On September 2, 2021, Chinese President Xi Jinping delivered a video address at the global service trade summit of China Service Trade Fair in 2021.The news that shakes the financial securities market was released to.
Xi said, "We will continue to support the innovation and development of small and medium-sized enterprises, deepen the reform of the new third board, set up the Beijing stock exchange, and create the main position of service innovation oriented small and medium-sized enterprises.".
The establishment of Beijing stock exchange has a great impact on small and micro enterprises.
What kind of stock exchange is Beijing stock exchange?
According to the information from the CSRC, the main ideas of the Beijing stock exchange are: to shift the basic systems of the new third board selection layer, to create listed companies by innovative companies, to maintain the "progressive" market structure of the basic layer, innovation layer and Beijing stock exchange, and to simultaneously test the securities issuance registration system.
In short, the Beijing stock exchange was set up on the basis of the original selected layer of the new third board.The new third board full name small and medium-sized enterprise share transfer system is mainly to serve small and medium-sized enterprises, facilitate their financing, equity transfer, etc.The new third board is divided into three levels: the basic layer, the innovation layer and the selection layer. The selection layer is a company with high quality and meets the requirements of income, market value and other indicators.
It can be seen that the positioning of Beijing stock exchange is to serve high-quality small and medium-sized enterprises.
Why set up the Beijing stock exchange?
After knowing what kind of stock exchange the Beijing stock exchange is, it is necessary for us to emphasize again why we are focusing on supporting the development of small and medium-sized enterprises this time?
First, the number of small and medium-sized enterprises accounts for the vast majority of the total number of enterprises, and is related to all aspects of the national economy and people's livelihood.Among them, small and medium-sized enterprises contribute nearly half of the national tax revenue, 60% of the total national economy, and provide 80% employment.
Small and medium-sized enterprises are so important, but now the situation is very difficult!
Especially since the outbreak of the epidemic, imported inflation and rising commodity prices have directly compressed the profits and living space of small and medium-sized enterprises.Therefore, it is urgent to support the development of small and medium-sized enterprises.
Second, adjust China's economic pattern that the south is more important than the north.Before the establishment of Beijing stock exchange, a large number of capital were listed in Shenzhen Stock Exchange and Shanghai Stock Exchange.Capital moved southward.The establishment of Beijing stock exchange not only makes a clear differentiation positioning for the development of China's securities trading, but also adjusts the capital distribution.Promoting the formation of a moderate competition pattern with different emphasis and mutual complementation, stimulating market potential, increasing market vitality, and enhancing market imagination are conducive to better pricing of enterprises by institutional investors.
Advantages of Beijing stock exchange for small and micro enterprises
In the national economic development, "small and medium-sized enterprises play an important role in promoting economic growth, promoting scientific and technological innovation, and increasing employment," said the relevant person in charge of the CSRC.
Zhou Yunnan, founder of Beijing Nanshan investment, pointed out that the establishment of the stock exchange in the future will solve the problems of market positioning and legal status of the new third board. The new third board will finally upgrade from the "third securities trading place" to an independent and open "Stock Exchange", which will enhance the service function of the new third board and support the "specialized, special and new" small and medium-sized enterprises more efficiently,More accurately solve the problem of financing difficulties and high financing costs of high-tech entrepreneurial growth SMEs and private enterprises.
The national good has come, and we hope that the establishment of Beijing stock exchange can bring more opportunities and vitality to the majority of small and micro enterprises.The future, let's wait and see.