Tonight (October 30), the China Securities Regulatory Commission issued the basic system of the Beijing Stock Exchange, which initially established the basic system of issuance and financing, continuous supervision, and exchange governance of the Beijing Stock Exchange, and clarified the effective date of the basic system. It will be implemented on November 15.This also means that the Beijing Stock Exchange will open on November 15, when more than 68 companies in the selection layer of the NEEQ will all be transferred to the Beijing Stock Exchange.
“Beijing Stock Exchange Co., Ltd.” has previously completed industrial and commercial registration, and the date of establishment and approval is September 3. The Beijing Stock Exchange has a registered capital of 1 billion yuan, the registration authority is the Beijing Municipal Market Supervision and Administration Bureau, and the sole shareholder is the National SME Share Transfer System Co., Ltd.
On the evening of September 2, the China Securities Regulatory Commission announced that it would set up the Beijing Stock Exchange to create a main position for service-innovative small and medium-sized enterprises.
The New Third Board Market refers to the share quotation transfer system of non-listed joint-stock companies in Zhongguancun Science and Technology Park. It was approved by the State Council and approved by the China Securities Regulatory Commission on January 23, 2006. .
It is worth noting that the previous new “Securities Law” has clarified the independent market status of the NEEQ at the legal level: revised in December 2019, the new “Securities Law” promulgated in 2020 stipulates that the NEEQ is currently the only one approved by the State Council. Other national securities trading venues have the same legal status as stock exchanges.
The China Securities Regulatory Commission subsequently stated that the main idea for the construction of the Beijing Stock Exchange is to strictly follow the Securities Law, follow the principle of step-by-step implementation and gradual progress, generally shift the basic systems of the selection layer, and insist on the innovation of listed companies on the Beijing Stock Exchange. Layered companies are formed, maintain the “gradual step by step” market structure of the new third board’s basic layer, innovation layer and Beijing Stock Exchange, and simultaneously pilot the securities issuance registration system.