THE Beijing Stock Exchange has operated smoothly and seen improvements in its ability to serve the innovation development of medium-sized and small businesses one year after it began trading, said the bourse.

Launched Nov. 15 last year, the Beijing Stock Exchange now has 123 listed companies and 26.8 billion yuan (US$3.8 billion) have been raised.

Of the 123 firms, medium-sized and small firms account for 77%, while private enterprises take up 86%.

Most listed firms, including 49 “little giant” companies (small enterprises specializing in niche markets with cutting-edge technologies and great potential), are in sectors of high-end equipment manufacturing, new energy, software, hardware technologies and new materials.

In the first three quarters of this year, listed companies on the Beijing bourse reported steady revenue growth despite the COVID-19 resurgence and complex international situation.

These firms’ combined operating revenue and net profits totaled 73.21 billion yuan and 6.93 billion yuan from January to September, up 33.25% and 19.43% year on year, respectively.

Data from the bourse showed that more than 5.2 million investors had opened accounts by Nov. 14, including social security funds, insurance funds and eligible overseas institutional investors. (Xinhua)