Beijing Stock Exchange Announces Rules, Clarifying the Listing, Trading and Delisting Procedures

The first batch of rules for the Beijing Stock Exchange was announced Sunday, as well as a request for public comments.

The rules include procedures for listing, trading and membership management within the new bourse, and are all on trial status currently. The drafting of the rules follows the law of stock exchange system construction, also fully considering the market position of the Beijing Stock Exchange in serving innovative small and medium-sized enterprises (SMEs).

Among the three rules, the listing standards stipulate various regulatory requirements by the Beijing Stock Exchange for listed companies and related subjects. The trading rules stipulate the securities trading system, while the membership management rules stipulate requirements for membership.

Meanwhile, the Beijing Stock Exchange is currently requesting public comments on the listing, trading and membership management rules, until 17:00 on September 22. The new bourse will further improve the rules after performing relevant procedures. In the near future, it will also request public comments in the market regarding the implementation of self-discipline rules related to audit duties under the public offering registration system.

On the same day, the Beijing Stock Exchange has completed registration with total capital of one billion yuan ($155 million), according to the National Enterprise Credit Information Publicity System.

Commercial inquiry platform Tianyancha shows that Beijing Stock Exchange Co., Ltd. is 100% owned by National Equities Exchange and Quotations (NEEQ). Xu Ming, Chairman of the new bourse, is also General Manager of NEEQ. Sui Qiang is the Vice Chairman and Manager of the Beijing Stock Exchange.

SEE ALSO: China to Launch Beijing Stock Exchange for SMEs

Chinese President Xi Jinping announced on Thursday in his speech via a video at the 2021 China International Fair for Trade in Services that a new stock exchange would be set up in Beijing to support the innovation and development of SMEs, deepening the reform of NEEQ, known as the New Third Board.