The Beijing Stock Exchange and *** are not exactly the same, there are some differences between them.
First of all, it is mainly a special sector open for the listing of small and medium-sized micro enterprises, as long as it meets the relevant requirements, it can be entered, and the Beijing Stock Exchange is based on enterprise property rights transactions, integrating various equity trading services, focusing on serving innovative small and medium-sized enterprises, as well as serving other outstanding private enterprises, small and medium-sized enterprises trading platform.
Secondly, it includes the basic layer, the innovation layer, and the selection layer. The Beijing Stock Exchange is established by the translation of the first selection layer. In terms of trading rules, there are also differences between the Beijing Stock Exchange and ***. For example, the Beijing Stock Exchange implements a 30% price limit, while the *** Select layer implements a 20% price limit.
In addition, the investor thresholds of the Beijing Stock Exchange and *** are also different. The entry threshold for individual investors on the Beijing Stock Exchange has not opened the trading authority, and the average daily assets of ** 500,000 yuan in the first 20 trading days have not been opened, and they have more than 2 years of ** investment experience. The entry threshold for investors in the innovation layer has not been opened in the first 10 trading days of the whole market investors with average daily assets of 1 million yuan or more, including natural person investors, institutional investors and other professional institutional investors stipulated by laws and regulations, administrative rules and normative documents and business rules.
In general, there are differences between the Beijing Stock Exchange and the Beijing Stock Exchange in terms of positioning, trading rules, investor thresholds, etc.
As an important part of China's capital market, the Beijing Stock Exchange and the Beijing Stock Exchange play an important role in serving small and medium-sized enterprises. However, there are also some differences between them. First of all, the Beijing Stock Exchange mainly serves innovative small and medium-sized enterprises, while *** mainly serves small and medium-sized micro enterprises. This means that the Beijing Stock Exchange pays more attention to the innovation and development potential of enterprises, while the Beijing Stock Exchange pays more attention to the foundation and stability of enterprises. Secondly, the trading rules of the Beijing Stock Exchange are more stringent than ***. For example, the Beijing Stock Exchange implements a 30% price limit, while the *** Select layer implements a 20% price limit.
In addition, the entry threshold for individual investors on the Beijing Stock Exchange has not opened the trading authority, and the average daily assets of 500,000 yuan in the first 20 trading days, and at the same time have more than 2 years of investment experience, and the investor access threshold of the first innovation layer has not been opened in the first 10 trading days of the average daily assets of 1 million yuan and above in the whole market. These differences show that the Beijing Stock Exchange pays more attention to market stability and investor protection, while *** pays more attention to market flexibility and investor participation.
Finally, there are also differences in the investor groups of the Beijing Stock Exchange and the Beijing Stock Exchange. The investors of the Beijing Stock Exchange are mainly institutional investors and experienced individual investors, while the investors include natural person investors, institutional investors and other professional institutional investors stipulated by laws and regulations, administrative rules and normative documents and business rules. This difference shows that the Beijing Stock Exchange and the Beijing Stock Exchange have their own focus in serving investors, but both are trying to meet the needs of different types of investors. In general, although the Beijing Stock Exchange and the Beijing Stock Exchange are both capital markets serving small and medium-sized enterprises, there are differences in positioning, trading rules, investor thresholds and other aspects. These differences reflect the different characteristics and strengths of the two markets and provide more financing options for SMEs.