Beijing Stock Exchange Launches Market-Making Trading Business

The Beijing Stock Exchange (BSE) launched market-making trading business on its stock market on Monday, in a further move to promote market reform and innovation, improve the market trading system, and enhance market vitality and resilience.

A total of 15 market makers have been approved by the China Securities Regulatory Commission for its market-making trading business of listed securities, 13 of them will participate in the trading business on the Beijing bourse, involving 36 stocks, the BSE said.

The turnover of the trading business reached 24.76 million yuan (about 3.61 million U.S. dollars) on the first day, and the combined turnover of participating stocks that day rose 7.37% from the daily average last week.

The introduction of the market-making trading business to the bourse is conducive to reducing investors' transaction costs and boosting market liquidity and stability, according to the bourse.

The BSE was launched on Nov. 15, 2021. By the end of last year, it had 171 listed companies and more than 5.26 million qualified investors.

BSE has been stepping up efforts to improve market functions. Last week, the exchange announced the launched of margin trading and securities lending transactions, which would inject liquidity into the market and provide a better platform for the fundraising and development of small and medium-sized high-tech firms.

Source: Global Times