With The Birth Of Beijing Stock Exchange, The "Little Giant" Of Textile Specialty Ushered In An Important Opportunity

On the evening of September 2, a news swept through the Internet, and the Beijing stock exchange was born.

The official website of China Securities Regulatory Commission (CSRC) subsequently announced that deepening the reform of the new third board and establishing the Beijing stock exchange are the internal needs of the capital market to better support the development and growth of small and medium-sized enterprises, the inevitable requirement for implementing the national innovation driven development strategy, and an important measure for comprehensively deepening the capital market reform under the new situation. China Securities Regulatory Commission will set up Beijing stock exchange on the basis of the existing selected layer of the new third board to further enhance its ability to serve small and medium-sized enterprises and create a main position for serving innovative small and medium-sized enterprises.

Small and medium sized enterprises specialized in service

The person in charge of China Securities Regulatory Commission said that small and medium-sized enterprises can do great things. Small and medium-sized enterprises play an important role in promoting economic growth, promoting technological innovation and increasing employment. The establishment of Beijing stock exchange is of great significance to better play the role of capital market, promote the integration of science and technology and capital, and support the innovation and development of small and medium-sized enterprises. China Securities Regulatory Commission will coordinate the development of multi-level capital market, promote and improve the whole chain system of capital market serving the innovation and development of small and medium-sized enterprises, and strive to build a professional development platform of capital market that is in line with China's national conditions and effectively serve specialized and new small and medium-sized enterprises, so as to better serve the high-quality development of the real economy.

Beijing stock exchange will adhere to the market positioning of serving innovative small and medium-sized enterprises, respect the development law and growth stage of innovative small and medium-sized enterprises, and improve the inclusiveness and accuracy of the system. To achieve the "three goals". The first is to build a set of basic institutional arrangements that meet the characteristics of innovative small and medium-sized enterprises, including IPO, trading, delisting, continuous supervision, and investor suitability management, so as to supplement the short board of Inclusive Finance in the multi-level capital market. The second is to smooth the bond role of the Beijing stock exchange in the multi-level capital market, and form the direct financing growth path of small and medium-sized enterprises that complement and promote each other. The third is to cultivate a group of specialized and special new small and medium-sized enterprises, and form a benign market ecology with high enthusiasm for innovation and entrepreneurship, active participation of qualified investors, and due diligence of intermediary agencies.

Opening up new financing channels

This means that specialized and special new small and medium-sized enterprises will usher in a new platform of capital support.

The specialized and special new small and medium-sized enterprises are the projects accepted by the Ministry of industry and information technology. In addition to the preferential financial services, the government also encourages the specialized and innovative small and medium-sized enterprises to list on the stock market, strengthen the listing guidance of the "specialized and special new" small and medium-sized enterprises, and open up new financing channels for the relevant enterprises.

At the meeting of the Political Bureau of the CPC Central Committee held on July 30, it was proposed to strengthen scientific and technological innovation and industrial chain supply chain toughness, strengthen basic research, promote application research, carry out special actions to strengthen the chain, speed up the solution of the "neck jam" problem, and develop specialized and innovative small and medium-sized enterprises.

This year, the "specialized and special new" enterprises have been supported by a number of policies. In February this year, the Ministry of Finance and the Ministry of industry and information technology jointly issued the notice on supporting the high-quality development of "specialized, special and new" small and medium-sized enterprises, proposing that from 2021 to 2025, the central government will allocate more than 10 billion yuan of reward and subsidy funds, guide local governments to improve support policies and public service systems, and focus on supporting more than 1000 state-level "small giant" enterprises.

The "guidance on accelerating the cultivation and development of high-quality manufacturing enterprises" issued by the six departments proposes to give full play to the role of various government guidance funds, and encourage social capital to invest in the establishment of high-quality enterprise cultivation funds; We will strengthen the construction of enterprises' financing capacity and the cultivation of listing, and support qualified high-quality enterprises to be listed in the capital market for financing and issuing bonds.

It is understood that the Ministry of industry and information technology has released a list of three batches of specialized and special new "little giants", a total of 4762 small and medium-sized enterprises have been selected, of which 120 are textile enterprises. Some have successfully landed in the capital market, and some have applied for listing.

Small and medium-sized and micro enterprises are the main body of the textile industry. They are important forces to stabilize employment, protect people's livelihood, promote entrepreneurship and innovation, and maintain creativity and development toughness“ During the period of the 14th five year plan, China's textile industry will further promote the high-quality development of "science and technology, fashion and green" on the basis of basically realizing the goal of becoming a powerful textile country, and accelerate to move towards the middle and high end of the global value chain. China Textile Federation said that the textile industry will vigorously support and actively guide the majority of small and medium-sized enterprises to focus on core business, build core capabilities, take the development path of "specialization and innovation", grow into "small giant" enterprises and "single champion" enterprises, constantly improve the modernization level of the industrial chain supply chain, and promote the integration and innovation of the upstream, middle and lower reaches of the industrial chain, and large and medium-sized enterprises, In order to consolidate the status of China's textile power and realize the goal of manufacturing power and quality power, it plays an important role.

In addition, China Textile Federation has also actively played the organization, coordination and service functions of industry associations, systematically built an industry finance cooperation platform, and carried out in-depth recommendation and cultivation of enterprises to be listed in the textile industry. In July this year, a total of 18 enterprises entered the "recommended list of enterprises to be listed in the textile industry in 2021-2022". It involves green manufacturing, new fiber materials, high-end equipment and other fields, which is consistent with the list of "small giants" enterprises cultivated by the Ministry of industry and information technology, mainly focusing on the new generation of information technology, high-end equipment manufacturing, new energy, new materials, biological medicine and other high-end industries.