Before the Spring Festival, the A shares will review 23 IPOs, with Beijing's exchange accounting for nearly 70%.

Against the background of the obvious acceleration of IPO reviews in Shanghai and Shenzhen, the pace of IPO reviews in the Beijing Stock Exchange has quietly accelerated this year. In the last week before the Spring Festival, three companies listed on the Beijing Stock Exchange, Longxin Intelligent, Jiachen Intelligent, and Zhenhong Shares, had intensive meetings, with Longxin Intelligent and Jiachen Intelligent successfully passing the meeting, while Zhenhong Shares will face the meeting on February 13. At the same time, there were no companies listed on the Shanghai and Shenzhen Stock Exchanges. So far this year, the Beijing Stock Exchange is the "main battlefield" for IPO reviews. According to statistics from the iFinD platform of East Money, from the beginning of this year to the Spring Festival, the three major exchanges in Shanghai, Shenzhen, and Beijing have arranged a total of 23 IPO reviews, with the Beijing Stock Exchange accounting for 16 of them, nearly seventy percent, and more companies were listed for meetings than in the second half of 2025. In terms of the pass rate, as of February 12th, among the 22 IPO projects that have completed meetings this year, 20 have been approved, accounting for 90.91%. At the same time, the IPO process for companies that have passed the meeting is also accelerating synchronously; as of now, 4 of the 20 companies that have passed the meeting have successfully obtained approval from the China Securities Regulatory Commission.