Financials Author: Yijuan Li May 17, 2022 04:01 PM (GMT+8)

This marks a boom in the Beijing bourse, which aims to improve the financing system for small and medium-sized enterprises

Beijing stock exchange

A total of 22 companies have applied to be listed for a second time on China's Beijing Stock Exchange so far this year, marking a boom in the 200-day-old bourse for small and medium-sized firms.

The companies have filed for a listing on the "New Third Board" (Chinese: 新三板), which refers to the so-called "innovation tier" of Beijing's over-the-counter National Equities Exchange and Quotations (NEEQ). Firms can enter the new bourse from the "select tier" of NEEQ.

Companies planning to list on the board again included Vichnet (Chinese: 纬诚科技), Suzhou Homesun Pharmaceutical (Chinese: 弘森药业), and Chongqing Mexin Yishen Machinery (Chinese: 美心翼申).

After delisting on the NEEQ, several firms failed to enter the A-share market that trades on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, and they became determined to return to the NEEQ or try to be listed on the Beijing Stock Exchange.

"Since its establishment, the status of the Beijing Stock Exchange has greatly improved, and it has become more attractive to companies," said Zhang Keliang, general manager of equities exchange businesses at Yintai Securities, adding that the firms applying for the listing again this year are relatively high-quality companies that can be listed.

"The Beijing bourse has boosted the confidence of small and medium-sized firms through actions," he said.

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