Beijing stock exchange has been open for more than one month, and its market operation, participation of professional institutional investors and reserves of enterprises to be listed have attracted extensive attention from investors.
“Since the opening of the Beijing stock exchange, it has maintained an active, stable and prosperous situation as a whole, which is in line with market expectations and the overall trend of stable and orderly development of the market.” Fu Lichun, financial academic member of China market society and founding partner of Yuntai capital, said that under the new policies and market trends, the investment of the Beijing stock exchange will tend to be professional, valuable and long-term.
Zhu Haibin, assistant general manager of Anxin Securities Research Center, believes that the overall performance of the Beijing stock exchange after the opening of the market is in line with expectations. Specifically, the stock liquidity of the Beijing stock exchange has improved significantly and achieved the expected results; The market trading is active, investors actively apply for new shares and theme funds of the Beijing stock exchange, and funds from public offering, securities companies, insurance, trust and other institutions also actively enter the market and carry out research work; Recently, some leading companies with high-quality segments have also been revalued due to sufficient information disclosure.
active trading: in line with the characteristics of the initial stage of market construction
From the perspective of transaction activity, the data show that the average daily turnover of the Beijing stock exchange in the first month of the opening is RMB 2.177 billion. Compared with the circulation market value of about RMB 100 billion of the Beijing stock exchange, the average daily turnover rate in the first month of the opening is 2% and the annualized level exceeds 480%. From the situation in the last week, the average daily turnover of the Beijing stock exchange was 1.091 billion yuan, the average daily turnover rate was 1%, and the annualized level was still 243%.
From the stock price performance, since the announcement of the establishment of the Beijing stock exchange on September 2, as of December 24, 82 stocks of the Beijing stock exchange have increased by an average of 30%, of which 71 stocks of the selected layer have increased by an average of 22% and 11 new stocks have increased by an average of 83%, which is outstanding compared with other major indexes in the A-share market.
At the same time, with the decline in the popularity of new shares, market transactions gradually fell. In terms of stock price performance, 82 stocks have fallen by an average of 7% since the opening of the Beijing stock exchange on November 15.
Zhu Haibin believes that at present, the stocks listed on the Beijing stock exchange are still dominated by selected layer translation stocks, the supply of new shares is relatively small, and there are not many tradable stocks. Although the number of accounts opened by investors of the Beijing stock exchange exceeds 4.6 million, their familiarity with various trading mechanisms and stocks in the market is not high, and their participation still has great room for improvement. In addition, various systems supporting the exchange are still under construction, including mixed trading, margin trading, index, index products, etc. “With the continuous improvement of market construction, these problems will be solved.” Zhu Haibin said.
actively enter the market: various professional institutions continue to enter the market
Since the opening of the Beijing stock exchange, various institutional investors have continued to actively enter the market.
Public funds have been an important participating force since the opening of the Beijing stock exchange. Taking the subscription of new shares of Weibo hydraulic, the “first registered share” of the Beijing stock exchange as an example, China Southern Fund, e fund, Harvest Fund and Huaxia Fund occupy four of the eight strategic investors, which shows that the public funds have a high enthusiasm to participate in the investment of the Beijing stock exchange.
More public funds have successively included the shares of the Beijing stock exchange into the scope of investment. According to statistics, as of December 24, nearly 30 asset management institutions such as Xingzheng Global Fund, shenwanlingxin fund, Zhongjia fund, BOC fund, Wanjia fund and CCB Fund announced that their products can participate in the investment of stocks listed on the Beijing stock exchange.
Strategic investment, offline subscription of new shares of the Beijing stock exchange, participation in the fixed growth of companies at the basic level and innovation level of the new third board to enter the Beijing stock exchange… Private funds have also become a more active investment force in the Beijing stock exchange market. According to the official website of China Securities Fund Industry Association, Hefu innovation new third board preferred No. 1 private equity investment fund has recently been successfully filed. According to statistics, since this year, about 20 new third board private placement products have been put on record.
Zhang Mei, deputy general manager of the Beijing stock exchange, also publicly said recently that since the opening of the Beijing stock exchange, stock public funds, QFII, social security funds and other institutions have continued to enter the market.
According to the announcement data, the number of listed companies surveyed by reception institutions has exceeded 35 since the opening of the Beijing stock exchange for more than one month.
increased willingness: sufficient backup enterprise resources
The “reserve force” of the Beijing stock exchange has high enthusiasm for participation. Listed companies are more and more willing to prepare for listing on the Beijing stock exchange, and the preparatory process has been significantly accelerated, which has reserved sufficient strength for the Beijing stock exchange.
Since the opening of the Beijing stock exchange, some listed companies that have designated the “destination” of listing as the Shanghai and Shenzhen Stock Exchange have announced to change the listing place to the Beijing stock exchange. According to the information statistics of Shanghai Stock Exchange, from the opening of the Beijing stock exchange to December 23, the number of listed companies that have applied for IPOs in Shanghai and Shenzhen stock exchanges, or once terminated the application of selected layers, and now re applied for the Beijing stock exchange has reached 25.
There are also many companies listed on the basic layer and innovation layer of the new third board, which set the listing target plate as the Beijing stock exchange. According to the information statistics of Shanghai Securities News, from the announcement of the establishment of the Beijing stock exchange to December 23, 100 companies at the basic level and innovation level of the new third board announced to accept listing guidance, of which 75 companies were listed on the Beijing stock exchange, accounting for 75%. Among them, in September, October and November, 6, 15 and 21 companies received listing guidance from the Beijing stock exchange respectively. December has not ended, and the number of companies receiving guidance from the Beijing stock exchange has exceeded 30.
(Shanghai Securities News)
