The first anniversary of the opening of the North Exchange (November 15) is approaching, and the market is welcomed with good news.
On the evening of November 4, the Beijing Stock Exchange and CSI Index Co., Ltd. released the list of sample stocks for the Beixing 50 Component Index (hereinafter referred to as the "Beixing 50 Index"), and plans to officially release the real-time market on November 21, 2022. Popular Beijing Stock Exchange companies such as Jilin Carbon Valley, Liancheng CNC, Betree, Yingtai Biologics, Northland , and Changhong Energy are all listed.
The total market value of the initial public offering sample stocks accounts for more than 70% of the market value of the entire market of the Beijing Stock Exchange. As of the close of November 4, there were 121 listed companies on the Beijing Stock Exchange, with a total market value of about 200 billion yuan.
sample stocks are both representative and growth
According to the index compilation plan, the BSI 50 sample stocks are selected to select the top 50 securities according to market value scale and liquidity, which are both representative and growth .
North Exchange introduced that the total market value of the initial sample stocks accounted for 71%, and the operating income, net profit, and R&D expenditure accounted for more than 65%. It covers 16 sub-sectors, including mechanical equipment, pharmaceutical and biological , power equipment , and basic chemical industry, and is involved in the fields of automobiles, electronics, national defense and military industry, food and beverage. The top five weighted stocks are Jilin Carbon Valley, Liancheng CNC, Bertray, Yingtai Biologics, and Northland. In the first three quarters of 2022, the R&D expenditure of sample stocks increased by by 245.4% year-on-year, with a R&D intensity of 4.7%, and accumulated nearly 1,000 invention patents by ; relying on the continuous and stable investment in innovation, revenue and net profit increased by 47.5% and 29.9% year-on-year respectively.
A senior industry insider told China Securities Journal reporter: "The significant increase in R&D expenditure of 50 sample stocks has not only laid a good foundation for the company's future development, but also shows that the company's management is more courageous."
Specifically, in terms of sample selection, after excluding securities with 20% of the daily average transaction amount, the Beijing Securities 50 Index selects samples in order to sort them in the average daily total market value. In terms of new stocks, securities were included in the sample space after 6 months of listing, except for those with an average daily total market value ranking among the top 5 in the Beijing Stock Exchange market since its listing and a total issuance market value of more than 10 billion yuan. In terms of
weighting, the BeiXin 50 index uses free circulation market value weighting, and the grading is based on the weighting factor. In order to prevent the index from being too affected by individual securities and improve the index's resistance to manipulation, referring to the beneficial experience at home and abroad, a 10% weight limit is set for for a single stock. The sum of the weights of the top five sample stocks shall not exceed 40%.
index fund development is being promoted in an orderly manner
Beijing Stock Exchange stated that the release of the Beijing Stock Exchange 50 Index provides an important reference for all parties in the market to track, observe and invest in investment operations, so that investors can understand the overall performance of the securities listed on the Beijing Stock Exchange and meet the needs of indexed investment in . The supporting Beijing Securities 50 Index, market authorization and index fund development are being carried out in an orderly manner, and will introduce incremental funds and diversified investors to the market.
Experts pointed out that all parties in the market can understand the overall price changes and trends of listed companies through the BSI 50 Index. Investors and various professional institutions can conduct market analysis and performance benchmark comparison through the PKSE 50 Index. With the release and smooth operation of the index, it can guide institutions to continue to develop passive products that track the BSI 50 index.
More than public funds relevant person in charge said that the launch of the BSI 50 Index will attract fund companies to develop corresponding ETFs and other index products, thereby attracting a wider range of investors and larger allocation funds to enter the BSI market through index products, and will actively develop BSI related index products. Wang Junguo, chairman of
Guide Fund, believes that the launch of the index is based on the fact that the Beijing Stock Exchange has a certain scale of assets, and is conducive to the introduction of public and private equity fund products in the form of index funds. The Beijing Stock Exchange is positioned as a service for innovative small and medium-sized enterprises. Compared with Shanghai and Shenzhen listed companies, the scale of public fund products is larger. Index funds can better solve the problem of mismatch between the company's size and the fund's size, thereby introducing more vitality to the Beijing Stock Exchange market.
China Securities Journal reporter learned from the Beijing Stock Exchange that in the future, with the continuous development of the market, the Beijing Stock Exchange will further compile indexes of different scales, industries, themes and styles, enrich the Beijing Stock Exchange market index system, and explore the creation of a "barometer" that reflects the development of innovative small and medium-sized enterprises.
attached list:
Source: Beijing Stock Exchange official website
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-