Beijing Stock Exchange Completes Company Registration

The Beijing Stock Exchange has completed registration with a capital of one billion yuan ($155 million), according to the National Enterprise Credit Information Publicity System.

Information on the website of the publicity system revealed that the establishment and approval date of the Beijing Stock Exchange is September 3, and that the National Equities Exchange and Quotations (NEEQ) is the sole shareholder. The registration authority is the Beijing Municipal Administration for Market Regulation.

The China Securities Regulatory Commission (CSRC) solicited public opinion on Sept. 3 on the basic policies of the new Beijing Stock Exchange, based on its position serving innovative small and medium-sized enterprises.

The new listed companies on the Beijing Stock Exchange must come from innovative companies listed on the NEEQ for 12 months. The price of the targeted issue may not be less than 80 percent of the market price. The purpose and price of the issue must be determined by bidding, and ordinary investors may not sell for less than six months, according to the CSRC’s draft.

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