Special research, policies and highlights
On February 18, the Beijing Stock Exchange released the 2021 market reform and development report: the total number of investors in the whole market exceeded 4.76 million, a year-on-year increase of 1.9 times. According to the 2021 market reform and development report of the Beijing stock exchange and the new third board released on the evening of the 18th on the website of the Beijing stock exchange, by the end of 2021, there were 82 listed companies on the Beijing stock exchange, with strategic emerging industries, advanced manufacturing and modern service industries accounting for 87%. Meanwhile, by the end of 2021, the number of investors in the whole market had exceeded 4.76 million, a year-on-year increase of 1.9 times; More than 100 public funds have entered the market for trading, all 8 new theme funds have been over raised, social security funds and QFII have entered the market, and institutional investors have accelerated the layout. The Beijing stock exchange said that 2021 is a year of great significance in the history of the reform and development of the Beijing stock exchange and the new third board. Throughout the year, the main line of reform ran through, adhered to the concept of system, made solid planning and steady progress, successfully completed the establishment and opening of the Beijing stock exchange, and continued to optimize the functions of the new third board system. Breakthroughs have been made in the reform, and the ability of the market to serve the high-quality development of small and medium-sized enterprises and the real economy has been significantly enhanced. On the whole, under the prying action of the "leader" of the Beijing stock exchange, the market operation is stable and good, the market function is further restored, the market toughness is further enhanced, and the market confidence is further boosted.
In 2021, the whole market issued 598 times, raising a total of 28.1 billion yuan. Among them, 41 companies raised 7.5 billion yuan through public offering, and 2 listed companies on the Beijing stock exchange have started refinancing to continuously meet the large-scale and efficient financing needs of enterprises; 532 companies completed 557 private placements, raising 20.6 billion yuan, including 122 private placements, raising 1 billion yuan. The amount of private placements to be raised in the whole year increased by 55% year-on-year, and the function of small, fast and on-demand financing was further brought into play. Since the announcement of the establishment of the Beijing stock exchange, the efficiency of public offering has been significantly improved and the share subscription multiple has doubled; The structure of directional issuance was optimized, and the subscription amount of external investors increased by 16 percentage points.
In 2021, the market turnover was 281.5 billion yuan, a year-on-year increase of 1.17 times. The Beijing stock exchange has played a significant leading and exemplary role. Since the opening of the market, the average daily turnover has increased three times compared with the selected layer before the reform, with an average daily turnover rate of 1.8% and an overall annualized turnover rate of 434%, which is in line with the liquidity characteristics of small and medium-sized market capitalization stocks; The average annual increase of stocks reached 99% and the average price earnings ratio was 47 times; The market depth increased, the transaction cost decreased, the price toughness increased, and the transaction quality was significantly optimized. The innovation layer and the basic layer were effectively driven, the annual turnover increased by 20% year-on-year, all 10 indexes rose, and the valuation and pricing ability was improved.
Market conditions and trading performance
As of February 20, 2022, there were 84 companies listed on the Beijing stock exchange. In this period (February 7-february 20), the number of transactions on the Beijing stock exchange totaled 759 million shares, a year-on-year increase of - 39.67%; The turnover was 11.911 billion yuan, a year-on-year increase of - 44.98%; The average transaction price was 15.70 yuan / share, a year-on-year increase of - 8.80%. The top 10 in the transaction amount of this period are senxuan medicine, Liancheng CNC, Northland, Jilin Carbon Valley, beiteri, yunchuang data, digital man, China design information, AVIC TEDA and liujinnian. The top 10 in terms of transaction volume are senxuan medicine, China design information, liujinnian, Tonghui information, digital man, AVIC TEDA, Northland, Gaishi food, Kaitian gas and Yingtai biology. The top 10 turnover rates are China design information, Hujiang materials, digital man, senxuan medicine, Zhisheng information, Gaishi food, Tonghui information, AVIC TEDA, liujinnian and Weibo hydraulic.
In February, listed companies on the Beijing stock exchange ushered in the first large-scale lifting of the ban. In February 2022, there were 21 listed companies involved in the lifting of the ban on the Beijing stock exchange, accounting for a quarter of the listed companies on the Beijing stock exchange. The lifting of the ban is mainly due to the additional extension of the lock-in period of shareholders of the first batch of listed companies at the early selection level for 6 months. The main reason is the centralized lifting of the ban on the restricted shares of the initial original shareholders or the initial strategic placement shares.
Financing events and tracking
In this period (February 7-february 20), 26 additional plans were added by the Beijing stock exchange, and the total amount of funds raised was 627 million yuan; 39 additional issues were implemented, and the total amount of funds raised was 1.434 billion yuan. In this period, 9 companies were added in the IPO counseling stage of Beijing stock exchange. The companies are: Zhejiang Yuansheng, Zhejiang Zhenyou electronics, Beijing Kangle guard, bonasville, Beijing blue star, Hubei consistent konjac, Shenyang Xinsong medical, Jiangsu baolijie and Hebei mingshangde.
Risk warning: macroeconomic downside risk; The risk of insufficient liquidity; Large fluctuations in performance and the risk of delisting of the company
