Up to now, the Beijing stock exchange has been operating for nine months, and the number of listed companies has reached 105, with a total market value of nearly 200 billion yuan. With the approval of the second batch of three theme funds of the Beijing stock exchange, market participants believe that the increase of investors and the influx of long-term funds will promote the market liquidity and activity of the Beijing stock exchange, and will also bring more investment opportunities to the market. On the whole, since the opening of the market, the market of the Beijing stock exchange has operated smoothly, and the scale effect and brand effect have been initially formed. The basic system has been tested by the market, and the effect of serving innovative small and medium-sized enterprises is prominent. As the main position of serving innovative small and medium-sized enterprises, the issuance review of the Beijing stock exchange has been significantly accelerated recently. Hualing shares and Zhongke Meiling only took 37 days from the acceptance to the meeting. In the first week of August, the Beijing stock exchange set a record of "five trials and five passes" in the week since the opening of the market. Relying on the integrated development and progressive market structure of the new third board and the Beijing stock exchange, the Beijing stock exchange will coordinate all links of listing access, continuous supervision and listing review, so that the issuance and listing will be faster and the expectation will be clearer. Up to now, it has taken 149 days on average for listed enterprises on the Beijing stock exchange to register with the CSRC. The multi-level capital market was further opened. On August 11, taixiang shares was listed on the growth enterprise market of Shenzhen Stock Exchange, becoming the first listed company in China to transfer from the Beijing stock exchange to the growth enterprise market. Taixiang shares traded 24.975 million shares in this board transfer, with a total share capital of 99.9 million shares after listing. On the first day of listing, taixiang shares hit a temporary suspension just one minute after the opening of the market. During the session, it soared by more than 100% and finally closed up by 80.34%. The total market value of a single day increased by about 1.575 billion yuan. With the listing of more high-quality enterprises, the Beijing stock exchange is forming a trend of high-quality enterprises. According to the list of the fourth batch of "small giant" enterprises that have been released recently, a total of more than 4000 enterprises have been listed in the list. Industry statistics show that a total of 13 companies of the Beijing stock exchange have been shortlisted in the list. In addition to the 22 other "small giants" of the Beijing stock exchange, the number of national specialized, special and new enterprises of the Beijing stock exchange will reach 35, accounting for more than 30% of the number of listed companies of the Beijing stock exchange. According to the statistics on the official website of the Beijing stock exchange, 105 listed companies are from 23 provinces, districts and cities. Among them, the number of Listed Companies in Jiangsu Province, Guangdong Province, Beijing, Shandong Province and Zhejiang Province ranks the top 5. Specifically: 17 in Jiangsu Province, 14 in Guangdong Province, 11 in Beijing, 11 in Shandong Province and 7 in Zhejiang Province. From the investment side, the scale of investors participating in the Beijing stock exchange continues to grow. In the first half of this year, the number of qualified investors in the Beijing stock exchange has exceeded 5 million. In addition, the second batch of three theme funds of the Beijing stock exchange were approved for sale. The restrictions on the investment proportion of the selected layer of public funds were removed, and social security funds, insurance funds and QFII entered the market, which will bring more incremental "living water" to the Beijing stock exchange. Market participants believe that with the increase of investors and the influx of long-term funds, the liquidity and activity of the market of the Beijing stock exchange will be greatly increased, which will also bring more investment opportunities to the market. The liquidity problem of the Beijing stock exchange has always been a topic of concern in the market. Recently, the management of the Beijing stock exchange proposed to optimize the flow in public