On November 15, 2021, the Beijing Stock Exchange officially opened. On the first day of the market opening, 71 selected stocks from the New Third Board achieved a shift, while the other 10 new stocks rose across the board, ushering in a good start.

Compared to the great success of the Beijing Stock Exchange, investors are more concerned about whether the opening of a new exchange will have an impact on the Shanghai and Shenzhen stock markets?

Firstly, from the perspective of the threshold of the Beijing Stock Exchange, individual investors need to have a capital of 500000 yuan and two years of investment experience to conduct transactions. It is estimated that there are approximately 8 million eligible individual investors, combined with 1.75 million individual investors previously on the New Third Board, resulting in a total of approximately 10 million.

According to data statistics, as of October this year, the total number of investors in the A-share market exceeded 193 million, so potential new investors on the Beijing Stock Exchange only accounted for one nineteenth of the total.

In theory, in the early stages of listing on the Beijing Stock Exchange, the market may experience a phenomenon of fund diversion due to the influence of the hot money effect. Investors are also worried that the Science and Technology Innovation Board, which has the same threshold as the Beijing Stock Exchange, may suddenly experience a chill.

However, concerns may also be unnecessary.

Firstly, the Shanghai stock market is a concentration of blue chips in the large cap market, and the Science and Technology Innovation Board has now announced the listing of red chip stocks, which is also transforming into large cap stocks. Different from the division of labor of the Beijing Stock Exchange, the total market value of over 80 companies listed on the Beijing Stock Exchange is limited, so the Beijing Stock Exchange can be classified as a small cap or ultra small cap. From a scale perspective, the Beijing Stock Exchange is not yet able to divert a significant amount of A-share funds.

Meanwhile, within the distance of 100000 to 500000, the scale of individual investors is very large. Moreover, there is never a shortage of funds in the market, but a shortage of good assets and targets.

Now, it has been more than a week since the Beijing Stock Exchange began trading. From the transaction volume data, in the week when the Beijing Stock Exchange opened, the transaction volume of the Shanghai and Shenzhen stock markets reached 55670.4 billion yuan, an increase of 3.75% compared to 5365.72 billion yuan in the week before the opening; The Beijing Stock Exchange also saw a transaction volume of 21.25 billion yuan in its first week of opening. The transaction volume of the Shanghai and Shenzhen stock markets has not only not declined, but also refreshed the previous week's results, indicating that the listing of the Beijing Stock Exchange has not had an impact on the Shanghai and Shenzhen stock markets. Therefore, investors do not have to worry too much about the effect of fund diversion.

In the long run, there will be a clear division of labor among the three major exchanges in China, with different positioning and complementary advantages in staggered development. The Shanghai Stock Exchange is mainly focused on large cap stocks, the Shenzhen Stock Exchange is focused on small to medium cap stocks, and the Beijing Stock Exchange is responsible for ultra small cap stocks. In addition, the Beijing Stock Exchange can also serve as a springboard, providing new opportunities for high-tech small and medium-sized enterprises to transition to the main board market. Combining the Trinity stock market with more detailed class division, the Chinese stock market is expected to enter a new stage of development.

The establishment of the Beijing Stock Exchange has added a complete puzzle to the structure of the A-share market, and the A-share market assets have more development potential. It is time to consider early layout.

November is coming to an end, with a 4-day countdown to the huge gift event. Seize the last opportunity and receive a 10% bonus, up to $5000, which will be credited to your account in seconds. A solid gift is earned by receiving it.