THE country’s two major bourses have respectively released their board-transfer regulations for companies listed on the newly established Beijing Stock Exchange (BSE).

Companies seeking to shift to the sci-tech innovation board of the Shanghai Stock Exchange and the Shenzhen Stock Exchange’s board of growth enterprises need to be listed continuously on the BSE for more than one year, according to the Shanghai and Shenzhen stock exchanges.

For those transferred from the selected layer of the National Equities Exchange and Quotations (NEEQ), also known as the “new third board,” their listed time on the NEEQ will be calculated together.

Other requirements include a share capital of at least 30 million yuan (US$4.74 million) and the number of shareholders at no less than 1,000.

The newly established Beijing Stock Exchange started trading in November last year, marking a key step in China’s efforts to deepen capital market reform and support small businesses.

It adopts the registration-based initial public offering system, in line with the Nasdaq-style sci-tech innovation board, also known as the STAR market, on the Shanghai Stock Exchange, and the tech-heavy ChiNext market on the Shenzhen Stock Exchange.

(Xinhua)