BEIJING: ThundeRobot, a gaming device company based in Qingdao, Shandong Province, became the first company in the gaming sector to be listed on the Beijing Stock Exchange (BSE) on December 23, 2022. The BSE, designed as a major financing platform for small and medium-sized enterprises (SMEs), especially innovation-driven ones, began trading in November 2021. As of December 23 last year, 156 firms had offered their stocks on the BSE.
According to the China Securities Regulatory Commission (CSRC), the number of companies listed on the country’s A-share market exceeded 5,000 as of the end of 2022, up over 30 percent compared with 2019.
Chinese A-shares are the shares of incorporated companies based in the Chinese mainland that are listed on the stock exchanges in Shanghai, Shenzhen in Guangdong Province and Beijing. In addition to their main boards, the Shanghai Stock Exchange also features the Nasdaq-style sci-tech innovation board, known as the STAR market, while the Shenzhen Stock Exchange’s ChiNext board mainly serves growth firms and startups. A-shares are mainly available for trading to Chinese mainland investors, but foreign investment in the companies is allowed under regulation.
“China’s capital market has seen notable expansion, which is expected to further back up development of the real economy. Facing COVID-19 impacts, high-quality listed companies have been playing a leading role in driving China’s economic recovery,” Dong Dengxin, Director of the Finance and Securities Institute at Wuhan University of Science and Technology, told Beijing Review.
–The Daily Mail-Beijing review news exchange item
