To encourage more specialized, refined, differential and innovative enterprises in Beijing to enter the capital market and achieve high-quality development, green channel services for listing will be provided by Beijing Equity Trading Center under the guidance of Beijing Municipal Bureau of Economy and Information Technology, by leveraging the institutional strength of the National Equities Exchange and Quotations (NEEQ) and relying on the specialized board for specialized, refined, differential and innovative enterprises in Beijing (the "Specialized Board"), NEEQ, and the Beijing Service Base of Beijing Stock Exchange. The selection of the first batch of the enterprises eligible for the green channel services is currently underway.

I. Requirements

The green channel services are available for specialized, refined, differential and innovative small and medium-sized enterprises (SMEs) based in Beijing, specialized, refined, differential and innovative "little giants", and champions of the manufacturing industry who meet one of the following requirements:

1. The total net profit is not less than CNY 8 million over the last two years, or not less than CNY 6 million in the last year;

2. The average operating revenue over the past two years is not less than CNY 30 million, with the operating revenue growth rate of the past year not less than 20 percent; or the average operating revenue over the last two years is not less than CNY 50 million;

3. The total R&D investment over the last two years account for not less than 5 percent of the total operating revenue in the same period, or the total R&D investment over the last two years is not less than CNY 10 million; additionally, the enterprise must have received at least CNY 20 million in equity investment from professional institutional investors within the last 24 months.

II. Details of Services

(I) Establishment of a Service Team

Beijing Municipal Bureau of Economy and Information Technology will formulate an initial plan for the green channel services and establish a service team based on eligible enterprises' major businesses, industries, domains, and financial situations, among others. The service team will consist primarily of professionals from Beijing Municipal Bureau of Economy and Information Technology and Beijing Equity Trading Center while also leveraging the expertise of intermediaries such as broker-dealers for the collaborative provision of the green channel services.

(II) Inclusion of Enterprises in Beijing's Regional Equity Market

For enterprises that have not yet been included in Beijing's regional equity market, the service team will offer one-to-one services to help them join in the market quickly and at zero cost. For enterprises that are already part of the market, the service team will directly provide the relevant services as needed.

(III) Focus of Green Channel Services

According to the Guidelines of Review of Public Transfer and Listing of Stocks for National Equities Exchange and Quotations: Application by and Review of Innovation-driven Enterprises in Regional Equity Markets (Trial), the green channel mechanism is one of the convenient ways for enterprises in the regional equity markets to apply for listing on NEEQ (also known as the "New Third Board"). Four types of enterprises are eligible: specialized, refined, differential and innovative small and medium-sized enterprises, specialized, refined, differential and innovative "little giants", champions in the manufacturing industry, and specialized, refined, differential and innovative at cultivation level on the specialized board.

A fast track for review will be opened, and specialized support such as pre-application consultation, preferential acceptance, and fast review will be offered to improve the efficiency of application and listing processes for enterprises. In addition, Beijing Equity Trading Center and China Securities Depository and Clearing Corporation Limited (CSDC) have collaborated to establish a quick channel for registration and settlement that will expedite the equity registration processes for enterprises that have obtained listing letters. Moreover, capital market services, including follow-up financing and listing for green channel enterprises, will continue to be offered.

III. Application Details

When to apply: From January 22, 2024, to February 29, 2024

How to apply: Fill in the Application Form for Green Channel Services for Listing of Enterprises and send it to linyuan@bjotc.cn.

Number of open spaces: 50 enterprises will be selected for the green channel services as the first batch.

Contact: +86-10-6609-3771; +86-18811167776

Beijing Municipal Bureau of Economy and Information Technology

January 23, 2024