Beijing Stock Exchange Market Makers Expansion Accelerated; Five Brokerages Granted Qualifications This Year

Recently, the CSRC approved Shanxi Securities for its Beijing Stock Exchange (BSE) market-making business qualification. Since the beginning of this year, the BSE market-maker team has expanded rapidly, with five brokerages subsequently obtaining the qualification. As of now, a total of 28 brokerages hold the BSE market-making qualification, while several others are in the queue for application. Zhao Hao, Chief Analyst at Huayuan Securities specializing in the BSE, stated, 'The expansion of the BSE market-maker team can enhance pricing efficiency in the BSE market and boost institutional allocation willingness among entities such as public funds.' He added that for listed companies, having market-making coverage implies better liquidity and increased institutional attention, thereby enhancing the attractiveness of the BSE for high-quality specialized and new technology enterprises.