Focus on Arts and Ecology

November 19, 2021 

The newly launched Beijing Stock Exchange (BSE) witnessed a turnover of 9.57 billion yuan ($1.5 billion) for the first batch of 81 companies on Monday.

• With no price limit on the first day of trading, the newly approved 10 firms on average surged as much as two-fold. The share price of Henan Tongxin Transmission closed 493.67 percent higher, while that of Nantong Great Electric and Hebei Raisesun Information Technology jumped by over 200 percent
• Performance was mixed for the other 71 stocks, which were transferred from the Select Tier of the National Equities Exchange and Quotations (NEEQ)

The new board aims to be a major base for innovative small and medium-sized enterprises (SMEs) in addition to the other two main boards in China – the Shanghai, and Shenzhen stock exchanges.

Impact on the world? 

• China contributed almost a third of the gains in global wealth over the past two decades, according to the McKinsey & Co report. China's wealth skyrocketed to $120 trillion from $7 trillion in 2000
• China's almost 190 million stock market investors are increasingly swapping their investment to "small giants," innovative small and medium-sized enterprises, and premium brands for companies
• Two years ago, China stepped up the registration-based process for company public offerings, in line with the country's common prosperity goal for the economy