Photo taken on Nov. 15, 2021 shows a scene at the opening ceremony of the Beijing Stock Exchange, in Beijing, capital of China. (Xinhua/Li Xin)
BEIJING, Nov. 17 (Xinhua) -- The Beijing Stock Exchange (BSE) will bring new opportunities to Chinese small and medium-sized stock underwritiers as diversified needs are to be met, reported China Securities Journal on Wednesday.
It is crucial for smaller brokers to look into opportunities as the BSE targeted at small and medium-sized enterprises (SMEs) with great growth potential, said industrial experts.
Data showed that a total of 81 stocks, which started trading on the official launch of the new BSE, were underwritten by 38 Chinese underwriters, mostly small-and-medium-sized ones.
Among the first batch of companies listed on the bourse, 12 companies were underwritten by China Securities, topping the list. Essence Securities took the second place and Shenwan Hongyuan Group ranked the third with respective number of seven and six. Kaiyuan Securities and Guoyuan Securities both underwrote five to make them secure the fourth place. These five brokers altogether underwrote 35 companies, accounting for 43.21 percent of the total, data by financial information provider Wind showed.
"It is estimated that the investment banking business turnover brought by the BSE will top 10.2 billion yuan (about 1.6 billion U.S. dollars) in 2022," said analysts with TF Securities in a research report.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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