The opening of the Beijing stock exchange is imminent. A number of financial institutions, including fund companies and securities companies, have arranged the relevant businesses of the Beijing stock exchange by applying for products, strengthening business lines and attracting talents, so as to seize the first opportunity in the new market. At the same time, the preparatory work before the listing of the Beijing stock exchange is advancing in an orderly manner. Some securities companies predict that the number of selected companies is expected to reach 100 by the end of the year, and an industrial cluster will initially form. Financial institutions accelerate the layout of the Beijing stock exchange On October 18, several fund companies such as huitianfu fund, Harvest Fund and Huaxia Fund reported to the Beijing stock exchange to open hybrid securities investment funds regularly for two years. Previously, on October 15, GF also reported the selected two-year holding hybrid securities investment fund of GF Beijing stock exchange. According to the website of China Securities Regulatory Commission, all materials have been received. Fund companies including Jingshun Great Wall, China Merchants Fund and Nanfang fund also reported "specialized and special new" related theme funds. Among them, China Southern Fund and China Merchants Fund applied for "specialized special new" stock securities investment fund, and Jingshun Great Wall applied for "specialized special new" quantitative optimization stock securities fund. Insiders pointed out that CCCC hopes to cultivate a number of "specialized and new" small and medium-sized enterprises, so as to enrich the subject matter of public investment. At the same time, the Beijing stock exchange has made it clear that the capital threshold for individual investors' access is 500000 yuan of securities assets. Although the access threshold has been reduced, it is still difficult for some individual investors. With the emergence of relevant funds of the Beijing stock exchange, this investment threshold is expected to be further reduced. Harvest Fund said that the products of the Beijing stock exchange reported this time mainly invest in the stocks listed on the Beijing stock exchange. As the main position of service innovative small and medium-sized enterprises, the product provides more channels for investors to participate in the sector on the one hand; On the other hand, it also provides diversified financial support for the development of small and medium-sized enterprises listed on the Beijing stock exchange. In addition to the fund companies, the securities companies deeply involved in the construction of the Beijing stock exchange have also been "non-stop" to accelerate the layout of relevant businesses. With the release of the measures for the administration of investor appropriateness of Beijing stock exchange (for Trial Implementation) on September 17, in the early morning of the next day, CSC issued a document saying that it had launched the reservation account opening function of Beijing stock exchange. After that, major securities companies have also opened the reservation account opening business of the Beijing stock exchange, and many securities companies support 7 × 24-hour authority opening application to ensure the development of appointment account opening. In addition, many securities companies have launched special strategies for the Beijing stock exchange. Shenwan Hongyuan's "specialization and innovation" strategy indicates that it will set up a 10 billion yuan primary market equity fund to invest in "specialization and innovation" enterprises, and a 10 billion yuan secondary market public fund and asset management products to provide wealth management services for investors interested in innovative small and medium-sized enterprises and "specialization and innovation" enterprises of the Beijing stock exchange. Guojin securities has established a corresponding project team, and the brokerage business is mainly carried out in two aspects: investor education and appropriateness management. Beijing stock exchange drives the enthusiasm of all parties in the market The institution pointed out that the establishment of the Beijing stock exchange has brought historic investment opportunities to the capital market, and the recently issued series of guidance documents have made it clear in the general direction that new and husband raised funds can directly participate in the transactions of the Beijing stock exchange. According to the analysis of Debang securities, the access of public funds to the Beijing stock exchange is ready, and the public funds have great advantages in liquidity. After the public funds are approved to invest in the stocks of the selected layer companies on the new third board, it is bound to drive the enthusiasm of investors to participate in the selection layer as a whole. In fact, judging from the issuance results of the eight selected companies that successively opened their subscription in early October, the subscription is generally enthusiastic, and the average effective subscription multiple of the eight companies is 120.80 times. According to the analysis of Anxin securities, in addition to the oversubscription multiple reflecting the enthusiasm of the market for subscription, more importantly, the number of effective subscription households of each company has increased significantly, from an average of 30000 to 50000 in the early stage to 160000 to 190000, indicating that the effective participation of the market is being activated. At the same time, since the announcement of the establishment of the Beijing stock exchange on September 2, the preparatory work before the listing of the Beijing stock exchange has accelerated, and the relevant supporting business rules and systems, system testing and other work have been carried out in an orderly manner. Among them, the two network wide tests of the opening of the Beijing stock exchange were launched on September 25 and October 9 respectively, attracting the active participation of 98 securities companies, 10 information providers and 8 fund companies in the whole market. Recently, all testing tasks have been successfully completed, the trading support platform has been adjusted and launched, the technical system of the participating institutions runs smoothly, and more than 90 securities companies have the technical conditions to provide pre account opening services for investors. Among them, the fund companies approved to establish the first batch of new third board funds last year participated in the whole network test of the Beijing stock exchange, including Huaxia, Nanfang, Fuguo, China Merchants, Wanjia, ICBC Credit Suisse, huitianfu, etc. According to the analysis of Caixin securities, driven by the relevant policies of the Beijing stock exchange, it is expected to bring long-term positive effects. Under the policy stimulus, the business of the new third board is expected to show an expansion trend, and the market space such as securities investment bank, asset management related business and trading Commission of the new third board will be opened one after another. As of October 20, there were 66 selected layer listed companies with a total share capital of 10.899 billion shares and a transaction amount of more than 375 million yuan. According to the current progress of the conference, Anxin securities predicts that by the end of the year, the number of selected companies may reach 90 to 100, and a preliminary industrial cluster covering high-end equipment manufacturing, TMT new generation information technology, new chemical materials, modern service industry, medical health and other industries will be formed, so as to lay a good foundation for the long-term development of the Beijing stock exchange. (outlook new era)