Beijing Stock Exchange embraces 100 IPOs

(ECNS) -- China's Beijing Stock Exchange (BSE) has seen 100 IPOs Friday since it started trading on November 15 last year.

About 76 percent of the 100 BSE-listed firms are SMEs, while over 80 percent are in strategic emerging sectors and advanced manufacturing.

These firms generally posted impressive financial performances. In 2021, the total income reached 70.466 billion yuan, a year-on-year increase of 31.04 percent.

The BSE has significantly driven innovation among the firms, it was noticed. The 100 listed companies have spent a total of 3.339 billion yuan in R&D in 2021, with an average R&D intensity of 6.87 percent, which is 4.78 times the average of enterprises above the designated size.