[ 至此，北交所7件基本业务规则已全部发布。其中明确，新三板精选层平移北交所当日，其股票交易实施30%的涨跌幅限制；向不特定合格投资者公开发行的股票上市交易首日，或退市整理期首日，不设涨跌幅限制。 ]
The basic business system of the Beijing Stock Exchange (hereinafter referred to as the “Beijing Stock Exchange”) is complete, and the system preparations for market opening operations are further improved.
On the evening of November 2, the Beijing Stock Exchange officially issued two basic business rules for trading and membership management, as well as 31 corresponding rules, covering issues and listings, securities transactions, financing mergers and acquisitions, and membership management rules.
Among them, it is clear that on the day when the NEEQ Selected Layer was transferred to the Beijing Stock Exchange, its stock trading will be subject to a 30% rise and fall limit; the first day of listing and trading of shares publicly issued to unspecified qualified investors or the first day of the delisting period will not be set Limits on ups and downs.
So far, all the 7 basic business rules of the Beijing Stock Exchange have been released. On November 3, the day following the landing of the system documents, the selection floor became popular in a large area. As of the close, 59 of the 69 listed companies on the select level have risen, accounting for more than 80%. On the same day, Guangmai Technology (N Guangmai, 838924.NQ) in the Jin layer rose 87.76%, Tonghui Information and Tongyi Aerospace rose 4.97% and 5.6% respectively, and Guangzi International fell 3.53%.
Focusing on the content of the rules, the “Beijing Stock Exchange Trading Rules (Trial)” released this time clarified that the selected listed companies will be listed on the stock exchange, and their stock trading will implement a 30% increase and decrease on the day of the translation. The width limit is based on the closing price of the last trading day of the select layer as its previous closing price. Among them, on the first day of listing and trading of stocks publicly issued to unspecified qualified investors, or on the first day of the delisting period, there is no limit on the increase or decrease.
Before the release of the Beijing Stock Exchange Index, the arithmetic average of the closing price of all listed stocks on the Beijing Stock Exchange (excluding stocks without price fluctuation restrictions and stocks suspended throughout the day) was used as the benchmark index to calculate the closing price fluctuations. The amplitude deviation value, and the abnormal fluctuation situation is determined based on this. Selected-level listed companies are listed on the Exchange, and abnormal fluctuation indicators are continuously calculated.
In terms of trading methods, CBEX stocks can adopt auction trading, block trading, after-hours fixed-price trading, and other trading methods approved by the China Securities Regulatory Commission. Among them, auction trading can introduce a market maker mechanism.
If a stock transfer is required for reasons such as acquisitions, changes in share rights, or the introduction of strategic investors, an application for transfer by agreement may be applied, and the specific measures shall be stipulated separately.
Regarding supervision, the Beijing Stock Exchange will focus on monitoring four types of situations including suspected insider trading, market manipulation and other violations of laws and regulations.
Up to now, all the 7 basic business rules of the Beijing Stock Exchange have been issued, and the institutional framework has been basically completed.
The 7 rules are: “Beijing Stock Exchange Investor Suitability Management Measures (Trial)” and supporting business guidelines issued on September 17; 4 basic business rules and 6 supporting rules for listing and review issued on October 30 And guidelines, as well as the “Beijing Stock Exchange Trading Rules (Trial)” and “Beijing Stock Exchange Member Management Rules (Trial)” issued on November 2.
The Beijing Stock Exchange stated that in the next step, it will successively release relevant business rules involving QFII (Qualified Foreign Institutional Investor) and RQFII (Renminbi Qualified Foreign Institutional Investor) securities trading, issuance and listing review standards and other relevant business rules, and continue to implement market systems. System construction, and active preparations for the implementation of rules such as corporate training, investor education, and membership acceptance have laid the foundation for the smooth opening and smooth operation of the Beijing Stock Exchange. Return to Sohu to see more
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