The implementation of the hierarchical system for six years of capital market progress has stimulated the growth momentum of enterprises

On June 27, 2022, it was 6 years since the formal implementation of the listing company's hierarchical management from the national stock transfer company.

In the past 6 years, the layered management measures have paid forward with the times and have been revised many times. The last revision was on March 4 this year. At that time, the national stock transfer company formulated and issued the latest "Measures for the Story Management Measures of the National Small and Medium Enterprise Transfer System" (hereinafter referred to as the "Measures"). As a result, the layered management system is upgraded to give full play to the pivot role of the innovation layer, and further strengthen the innovation layer as the function of incubators for enterprise growth as the North Stock Exchange.

In the first half of the year, the layer is completed

Significant improvement of hierarchical scale and quality

The amendments to the "Measures" and supporting business guidelines released by the National Stock Transfer Company on March 4 are that a total of 6 innovative layers of entry layers will be set up in the year; Rate requirements; add "problem companies" such as "problem companies" such as "problem companies" such as non -guaranteed financial reports, major violations of laws and regulations.

"The layered system is the basic system of the New Third Board market." Chang Chunlin, the founder and partner of Beijing Liwu Investment Management Co., Ltd., told the Securities Daily reporter that after the opening of the Beijing Stock Exchange, the hierarchical system guidance and inspiring innovation type The effect of the development of small and medium -sized enterprises is prominent, and the attractiveness of innovation layers to high -quality enterprises has significantly enhanced, and the "reserve army" of the Bei Stock Exchange expands rapidly.

It is worth noting that on June 14, the national stock transfer company released the official list of the third innovation layer in the 2022th innovation layer in 2022, with a total of 153 companies transferred to the innovation layer. At this point, the implementation of the New Third Board in the first half of the year was successfully completed, and a total of 515 companies newly entered the innovation layer (hereinafter referred to as the "new entry company"). The total number of innovative companies reached 1696, which is the highest level since the implementation of the layered system. At the same time The quality of the hierarchy is also significantly improved.

"The implementation of the new three -board layered system has been implemented for 6 years. With the increase in the efficiency of the Beijing Stock Exchange and the efficiency of the innovation layer, superimposing the innovation layer is a necessary condition for the listing of the enterprise to list on the Beijing Stock Exchange. The number of enterprises has reached a record high and the quality of the enterprise has been greatly improved, and the maximum of the head enterprises of the New Third Board has been gathered to laid a solid foundation for the number and quality of the listed company of the Beijing Stock Exchange. "Zhou Yunnan, the founder of Beijing Nanshan Investment, to the Securities Daily" The reporter said.

This year, the new entry -level company actively prepared the listing of the North Stock Exchange, and the progressive market structure was initially formed. Among the newly -entered companies, 348 companies meet the financial conditions of the Beijing Stock Exchange, accounting for 67.57%. Among them, the 89 new -level companies have submitted to the Beijing Stock Exchange's listing counseling filing materials, accounting for 27.47%of the counseling companies.

Sun Jinyi, vice president of open source securities and director of the Institute of Research, told reporters that from the perspective of industry characteristics, the innovative new entry companies are mainly concentrated in strategic emerging industries such as information technology, high -end equipment manufacturing, new energy, new materials, and biomedicine. And the New Third Board Strategy Emerging Industry Super 70 % of the company focuses on high -tech directions such as integrated circuits, 5G applications, the Internet of Things, and artificial intelligence.

"This not only reflects the New Third Board through a series of innovative capital market system arrangements, focusing on supporting scientific and technological innovation of SMEs, and also reflects that these SMEs actively integrate into the national development strategy, adhere to innovation drive, and achieve through continuous research and development investment. High -quality development and transformation and upgrading. "Sun Jinzhen said.

The growth channel of the capital market is progressing layer by layer

Following the financing needs of different stages of enterprises

On March 31 this year, the Shanghai Stock Exchange agreed to the listing of the Code of Code to the listing of the Science and Technology Board. On May 25, Guandian Defense was traded on the science and technology board; on June 17, the Shenzhen Stock Exchange agreed to the Beijing Stock Exchange's listed company Taixiang's shares transfer to the GEM list. At this point, the listed company of the Bei Stock Exchange has been transferred to the science and technology board and the GEM.

"The successful transfer of listed companies in the Beijing Stock Exchange means that the multi -level capital market has achieved seamless docking and interconnection, and a closed loop from the New Third Board to the Beijing Stock Exchange." Zhou Yunnan said The growth channel of the capital market meets the different investment and financing needs of the enterprise at different stages of development, stimulate enterprises upward momentum, and accurately promote small and medium -sized enterprises to use the capital market to achieve high -quality development.

Chang Chunlin said that the innovation level entered the layer, and the Beijing Stock Exchange was listed and transferred to the iconic incident of interconnection of multi -level capital markets this year. For enterprises, it means that the rising channel for innovative SMEs to grow and grow is completely opened. For the market, the New Third Board, the Peking Exchange, the Science and Technology Board, and the GEM have gradually formed a pyramid market structure, which improves the full chain system of the capital market service innovation SMEs, which is conducive to improving the accuracy of services. Enhance market functions to support the high -quality development of the real economy.

"At present, the Beijing Stock Exchange is still in the stage of quality lifting. It is necessary to play a good role in demonstration, form its scale effect and brand effect as soon as possible, attract more high -quality companies to choose to list on the Beijing Stock Exchange, and build the Beijing Stock Exchange into capital into capital The main position of market service innovation SMEs. "Chang Chunlin said.

(Editor in charge: Peng Yanzhang)

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