Beijing Stock Exchange market maker expansion accelerates, with 5 securities firms obtaining business qualifications within the year.

Recently, the CSRC approved Shanxi Securities' qualification for market-making in Beijing Stock Exchange stocks. Since the beginning of this year, the expansion of the market-making team at the Beijing Stock Exchange has accelerated, with five securities firms successively obtaining this business qualification. As of now, a total of 28 securities firms hold the market-making business qualification for the Beijing Stock Exchange, and several more are still queuing up to apply. "The 'expansion' of the Beijing Stock Exchange's market-making team can enhance the market pricing efficiency of the Beijing Stock Exchange and boost the allocation willingness of institutions such as public funds," said Zhao Hao, chief analyst at Huayuan Securities for the Beijing Stock Exchange. "For listed companies, having market-making coverage means better liquidity and institutional attention, enhancing the Beijing Stock Exchange's appeal for listings by high-quality specialized and sophisticated small and medium-sized enterprises."