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Author: Cui Wenjing

Editor: Bao Fangming

When the “August 27 New Policy” was implemented last year and the pace of IPOs at the Shanghai and Shenzhen Stock Exchanges slowed down, industry insiders predicted that the Beijing Stock Exchange might become a new choice for many companies that were rejected by the Shanghai and Shenzhen Stock Exchanges.

As time goes by, especially after the new "Nine National Regulations" and new IPO regulations were introduced in April this year, insurance agents began to more actively persuade companies to go north to the Beijing Stock Exchange. Most of these companies originally planned to rush to the Shanghai and Shenzhen Stock Exchanges.

"In the current IPO environment, companies should no longer be picky about sectors. Going public as soon as possible is the top priority. The longer they wait and see, the fewer opportunities they will have," an insurance agent told 21st Century Business Herald.

According to Wind statistics, an increasing number of companies have failed in the Shanghai and Shenzhen Stock Exchanges and are turning to the Beijing Stock Exchange.Between June 21 and August 8 alone, at least eight companies whose GEM applications were rejected were accepted for listing on the Beijing Stock Exchange, accounting for nearly 30% of the new projects accepted by the Beijing Stock Exchange during this period.If the IPO guidance filing and registration acceptance of the Beijing Stock Exchange and the listing on the New Third Board are taken into account, the number of companies transferred from the Shanghai and Shenzhen Stock Exchanges to the Beijing Stock Exchange will reach more than ten, including many main board companies.

In line with the Shanghai and Shenzhen Stock Exchanges' decision to withdraw companies from the Beijing Stock Exchange, the overall quality of the Beijing Stock Exchange's IPO projects has also improved. According to the interviewed insurance agents, taking net profit as an example, when the Beijing Stock Exchange was first established, companies with a net profit of around 25 million yuan could be listed, and those with a net profit of 40 million yuan were considered high performers.Nowadays, the net profit of enterprises transferred from the Shanghai and Shenzhen Stock Exchanges to the Beijing Stock Exchange is generally more than 40 million yuan, most of which exceed 60 million yuan, and it is not uncommon for profits to exceed 100 million yuan.。