Shenzhen Business Daily Reading Client Reporter Chen Yanqing
With the strengthening of the Beijing Stock Exchange and the phased tightening of IPOs in Shanghai and Shenzhen, the recent wave of listings on the Beijing Stock Exchange has begun to emerge. According to Flush statistics, as of the 19th, a total of 80 companies have launched listing counseling since the beginning of this month, of which 31 companies will clearly land on the Beijing Stock Exchange, accounting for 40%. Among the above-mentioned companies, there are many companies that have restarted their IPOs and transferred to the Beijing Stock Exchange, and there are companies that have been listed on the Beijing Stock Exchange that plan to land on the Beijing Stock Exchange through the direct connection mechanism.
The Pan American Experiment, which was previously listed in the GEM IPO, recently went through the counseling registration with the Guangdong Securities Regulatory Bureau, and plans to be listed on the Beijing Stock Exchange, and the counseling brokerage is Huaying**.
On July 26 this year, the Shenzhen Stock Exchange conducted the first round of inquiries about the company, and on October 16, the company applied to withdraw the issuance of listing application documents, and the Shenzhen Stock Exchange decided to terminate the review of its GEM IPO.
Similar to Aomeisen, the company recently conducted counseling and filing in the Guangdong Securities Regulatory Bureau, and the counseling agency is Cinda**, which intends to be listed on the Beijing Stock Exchange. In July 2021, Aomeisen applied for the GEM IPO, and in July 2022, the company voluntarily terminated the GEM IPO.
Recently, Cometech launched the listing counseling, and the company intends to apply for a public offering to unspecified qualified investors** and be listed on the Beijing Stock Exchange. Since the company was listed in *** from November 2016 to April 2021, the previous listing time has been one year. Therefore, after the company is listed, it can directly apply for listing on the Beijing Stock Exchange.
On March 4 this year, the IPO application of the Cometech Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange. However, on July 17, Cometec applied to the Shanghai Stock Exchange to withdraw its IPO application, and the Shanghai Stock Exchange decided to terminate its IPO review.
The Beijing Stock Exchange's direct review and supervision mechanism for listing has also attracted some companies. The direct connection mechanism links various links such as "listing review, daily supervision, and listing review" to form a "fast lane" for high-quality enterprises to apply for listing on the Beijing Stock Exchange. Through the direct connection mechanism, high-quality enterprises can be listed on the Beijing Stock Exchange within 1-2 months after one year of regular listing.
On November 30 this year, Jinghua Optics was listed on the innovation layer, which lasted about 2 months from the acceptance of the application to the official listing. The company is listed for the second time, and the previous listing is more than 12 months. Jinghua Optics formulated the issuance plan of the Beijing Stock Exchange after being approved for listing, and the plan was approved by the general meeting of shareholders.
In this regard, Zhu Haibin, general manager of the open source ** Beijing Stock Exchange Research Center, said that benefiting from the innovation and efficiency of the direct connection mechanism, many companies that had planned to go to the Science and Technology Innovation Board and the Growth Enterprise Market have chosen to "change lanes" on the Beijing Stock Exchange, and some of the most advanced delisted companies have also chosen to be listed for the second time through the direct connection mechanism.
Regarding the popularity of the IPO of the Beijing Stock Exchange, a senior executive of an investment bank of a brokerage firm in the north told reporters, "In recent months, the IPO of the Science and Technology Innovation Board and the Growth Enterprise Market has been significantly tightened, and the pace of new shares, review and listing has slowed down significantly." In contrast, the declaration, meeting and listing of the Beijing Stock Exchange continue to maintain a normalized rhythm, so some companies that have failed to hit the IPO of Shanghai and Shenzhen have also switched to the Beijing Stock Exchange. After all, the IPO conditions of the Beijing Stock Exchange are relatively looser. ”
Sui Qiang, general manager of the Beijing Stock Exchange, recently said that the Beijing Stock Exchange will focus on several aspects of work in the future, the first is to accelerate the supply of high-quality listed companies, and take multiple measures to enhance the development vitality and market attractiveness of listed companies on the Beijing Stock Exchange. This includes a focus on improving the structure of listed companies. By optimizing the implementation standard of "listing for 12 months" and allowing qualified high-quality small and medium-sized enterprises to make initial public offerings and list on the Beijing Stock Exchange, we will further smooth the diversified and convenient listing paths, and attract a number of high-quality enterprises with high market recognition to enter the Beijing Stock Exchange.