On September 2, 2025, the Beijing Stock Exchange (BSE) celebrated its fourth anniversary. As of September 2, the number of listed companies of BSE reached 274, with a total market capitalization of 922 billion yuan.

Currently, among these 274 listed companies, small and medium-sized enterprises (SMEs) represent nearly 80 percent of the total. There are national-level "little giants" enterprises (the top ones among the specialized, high-end and innovation-driven SMEs that provide distinctive products or services), accounting for over half of the total, while high-tech enterprises make up 82 percent. These enterprises have formed five primary industrial clusters dedicated to high-end equipment, information technologies, consumer services, chemical and new materials, and biomedicine, respectively.

Inclusivity has been underscored for BSE's market structure since its design phase, to make it more tailored to the needs of SMEs. Since the beginning of 2025, a total of 12 new companies have been listed on the exchange. The average fundraising scale for new listings demonstrated a growing trend from 2023 to 2025, increasing from 191 million yuan to 333 million yuan.

Since its establishment, BSE has been advancing its institutional development and market reforms, significantly enhancing its market appeal. Since the beginning of 2025, the average daily trading volume on BSE has reached 29.151 billion yuan, nearly four times the 2024 daily average. Factors such as equity incentives, share buybacks, dividends, the profitability effect of IPOs, and improvements in corporate quality have collectively boosted the exchange's attractiveness. Institutional investors, including public funds, securities asset management entities, insurance capital entities, and qualified foreign institutional investors (QFIIs), have entered the market in succession, further optimizing the investor structure. The investor base of BSE continues to expand, with the exchange's qualified investor count surpassing 9 million.

(Source: Beijing Daily)