Beijing Stock Exchange launches multiple measures to support the development of specialized, refined, unique and new small and medium-sized enterprises

Recently, the Beijing Stock Exchange (hereinafter referred to as "BSE") and the National Equities Exchange and Quotations (NEEQ) jointly issued a series of heavyweight measures aimed at further improving the service quality and efficiency for specialized, refined, unique and new small and medium-sized enterprises, and promoting these enterprises to achieve greater breakthroughs in technological innovation and market expansion.

It is reported that the Beijing Stock Exchange and the National Equities Exchange and Quotations have formulated the "Comprehensive Service Action Plan for Specialized, Refined, Unique and New Development of Small and Medium sized Enterprises", providing comprehensive support for specialized, refined, unique and new small and medium-sized enterprises from multiple dimensions. Firstly, in terms of audit support, the Beijing Stock Exchange has innovated the listing audit mechanism, especially opening up a green channel for audit for specialized, innovative and new small and medium-sized enterprises cultivated in regional equity markets. This means that qualified specialized and innovative "little giant" enterprises, as well as manufacturing industry single champion enterprises, will be able to successfully list on the Beijing Stock Exchange or the New Third Board through a rapid public review process. This measure not only simplifies the review process, but also greatly shortens the time cycle for companies to go public, providing strong guarantees for the rapid development of enterprises.

In addition, the Beijing Stock Exchange has strengthened its cultivation services for specialized, refined, unique, and new small and medium-sized enterprises. By conducting in-depth research and visits on "entering clusters and parks", the Beijing Stock Exchange has gained a deep understanding of the actual development needs of these enterprises, and has closely cooperated with government departments such as industry and information technology and finance to provide precise services for companies interested in going public. At the same time, the Beijing Stock Exchange also collaborates with market institutions to provide comprehensive services such as on-site consultations and talent training for specialized and innovative small and medium-sized enterprises, and regularly organizes capital market training for key personnel to help enterprises improve their capital operation capabilities.

In terms of financial resource support, the Beijing Stock Exchange actively guides private equity funds, government guided funds, industry funds, etc. to increase their investment in specialized, refined, unique, and new small and medium-sized enterprises, and encourages social capital to invest early and innovate in small investments. At the same time, the Beijing Stock Exchange also supports qualified specialized and innovative small and medium-sized enterprises to issue corporate bonds, and encourages policy and market institutions to provide credit enhancement support for these enterprises to issue science and technology innovation bonds for financing. These measures will effectively broaden the financing channels of enterprises, reduce financing costs, and inject more vitality into the development of enterprises.

It is worth mentioning that the Beijing Stock Exchange also signed a strategic cooperation agreement with the Ministry of Industry and Information Technology at the 2024 Financial Street Forum Annual Meeting to jointly improve the financing service system for specialized, refined, unique and new small and medium-sized enterprises. Both sides will strengthen cooperation in institutional docking, enterprise cultivation, and work integration, forming a strong force to promote the development of specialized, refined, unique, and new small and medium-sized enterprises. The signing of this strategic cooperation agreement marks a solid step forward for the Beijing Stock Exchange and the Ministry of Industry and Information Technology in supporting the development of specialized, refined, unique, and new small and medium-sized enterprises.

Source: Xinhua News Agency