Bringing together the joint efforts of various parties, the market ecology of the Beijing Stock Exchange has been continuously optimized

time:2023-01-28 16:58:08 source:clevelanddrifters.com author:Individual stock analysis
Bringing together the joint efforts of various parties, the market ecology of the Beijing Stock Exchange has been continuously optimized

"Beijing Stock Exchange and the Zhejiang Base of the National Stock Exchange System have been unveiled and established. We will strive to set up the Beijing Stock Exchange (New Third Board) Changxing Workstation to further improve our county's multi-level capital market service system." The financial office of Changxing County, Huzhou City, Zhejiang Province The person in charge told a reporter from China Securities Journal. The new force breeds vigorous vitality. Since the establishment of the Beijing Stock Exchange, all parties have worked together to support the market construction of the Beijing Stock Exchange. Up to now, the Beijing Stock Exchange has signed strategic cooperation agreements with 66 local governments, and the market ecology of the Beijing Stock Exchange serving innovative small and medium-sized enterprises has been continuously optimized. Providing Judicial Guarantee In June this year, the Supreme People's Court issued the "Several Opinions on Providing Judicial Guarantee for Deepening the Reform of the New Third Board and the Establishment of the Beijing Stock Exchange" (referred to as the "Guarantee Opinions"). This provides a solid legal foundation for NEEQ and the Beijing Stock Exchange to perform their self-regulatory functions. The "Guarantee Opinions" proposes specific measures to ensure the deepening of the reform of the New Third Board and the smooth progress of the establishment of the Beijing Stock Exchange, including legal protection of the administrative supervision of the securities regulatory department and the self-discipline management of the Beijing Stock Exchange, and fully respecting the New Third Board as a national securities trading venue approved by the State Council The Beijing Financial Court has centralized jurisdiction over the cases involving the Beijing Stock Exchange and its listed companies, and comprehensively refers to the implementation of various judicial measures such as the Judicial Guarantee Opinions on the Science and Technology Innovation Board and the Growth Enterprise Market. In view of the positioning of the Beijing Stock Exchange as "the main position of serving innovative small and medium-sized enterprises", combined with the characteristics of the market structure of "level-by-level progression", the "Guarantee Opinions" proposes to support small and medium-sized enterprises to grow bigger with the help of the capital market from the perspective of providing high-quality judicial services. A number of specific measures to strengthen. The "Guarantee Opinions" also clarified measures such as severely cracking down on crimes, preventing damage to investors' rights and interests through bankruptcy procedures, regulating the behavior of securities investment consulting agencies, and improving the multi-dispute resolution mechanism, with the purpose of keeping the legal bottom line and effectively protecting the legitimate rights and interests of investors. The CSRC stated that the "Guarantee Opinions" is an important judicial measure to implement the decisions and arrangements of the CPC Central Committee and the State Council on major reforms of the capital market, which will help give full play to the judicial functions of the people's courts, and escort the deepening of the reform of the New Third Board and the establishment of the Beijing Stock Exchange. , support the development and growth of small and medium-sized enterprises, and help the high-quality development of the capital market. "Improving the judicial guarantee mechanism is an important part of the overall deployment of deepening the reform of the New Third Board and the establishment of the Beijing Stock Exchange." The National Equities Exchange and Quotations and the Beijing Stock Exchange stated that they will conscientiously implement the "Guarantee Opinions" and adhere to "system establishment, non-intervention, zero Tolerance” policy, in accordance with the requirements of “Four Respects, One Joint Force”, continue to deepen the reform of the New Third Board, build a high-quality Beijing Stock Exchange, strive to build a set of basic institutional arrangements that fit the characteristics of innovative small and medium-sized enterprises, and resolutely maintain an open, fair and just market. order, protect the legitimate rights and interests of small and medium-sized enterprises and investors, and cultivate a benign market ecology. Strengthen policy coordination with multiple ministries and commissions to support the construction of the Beijing Stock Exchange to ensure the smooth operation of the market. The Ministry of Finance and the State Administration of Taxation issued the "Announcement on the Application of Tax Policies of the Beijing Stock Exchange" to clarify the applicable tax policies of the Beijing Stock Exchange. The Ministry of Finance also supports the bond business. The establishment of the Beijing Stock Exchange has further opened up the capital market channel for small and medium-sized enterprises to grow and expand. In November last year, Xu Xiaolan, Vice Minister of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will deepen cooperation with the China Securities Regulatory Commission, strengthen the coordination of industrial policies and financial policies, support the Beijing Stock Exchange to become the main front for serving innovative small and medium-sized enterprises, strengthen the cultivation of high-quality small and medium-sized enterprises for listing, and support high-quality small and medium-sized enterprises. Small and medium-sized enterprises accelerate their connection to the capital market. The "Notice on Creating a Better Environment to Support the Research and Development of Technology-based SMEs" issued by the General Office of the Ministry of Science and Technology proposes to upgrade the growth roadmap plan for technology-based SMEs to provide public services, financial services, etc. for technology-based SMEs at different stages of development. Form a collaborative mechanism with securities trading institutions such as the Beijing Stock Exchange, the Shenzhen Stock Exchange, and the Shanghai Stock Exchange to expand financing channels. At the same time, various regions have introduced support measures to support local companies to list on the Beijing Stock Exchange. In April this year, the Beijing Municipal Science and Technology Commission, the Zhongguancun Administrative Committee, and the Beijing Municipal Financial Supervision Bureau issued the "Several Measures for Supporting the Development of Innovative Small and Medium-sized Enterprises in the Beijing Stock Exchange". , to support the pre-listing financing of enterprises, to provide enterprises with listing, listing capital support and other aspects to increase policy service guarantees. Many places provide subsidies and support to companies listed on the Beijing Stock Exchange. For example, Foshan, Guangdong, gives different gradients of support amounts according to the amount of funds raised by each company for the first time, with the highest level reaching 30 million yuan; Shandong Weifang grants each company a total subsidy of 14 million yuan to listed companies on the Beijing Stock Exchange in stages. In addition, 112 securities companies have developed their businesses in the Beijing Stock Exchange, and initially formed a group of characteristic intermediaries that are deeply engaged in capital market services for SMEs; 21 commercial banks have actively connected with the Beijing Stock Exchange to jointly explore ways to support SMEs and develop inclusive finance. new path. The National Equities Exchange and Quotations, the Beijing Stock Exchange and the National Small and Medium Enterprise Development Fund Co., Ltd. signed a strategic cooperation framework agreement. On the whole, the market ecology of the Beijing Stock Exchange serving innovative small and medium-sized enterprises has been continuously optimized.

(Responsible editor:Individual stock recommendation)