Beijing Stock Exchange Chairman Lu Songbin: Improve the issuance and underwriting system, advance the introduction of market value-based allocation for new share issuance.

According to the Zhitong Finance APP, in Chairman Lu Songbin's keynote speech at the Beijing Stock Exchange parallel forum of the 2026 Financial Street Forum Annual Conference, he mentioned that, in light of the development stage and market characteristics of the Beijing Stock Exchange, the Exchange will continuously improve its market product system and promote the coordinated development of both investment and financing. It will improve the issuance and underwriting system, advance the introduction of market value-based allotment for IPO subscriptions, strengthen the linkage between the primary and secondary markets, and enhance secondary-market investors' sense of gain; promote reasonable pricing of IPOs and facilitate the implementation of more book-building issuance cases. It will enrich market index fund products, advance the launch of the BSE 50 ETF, increase the supply of BSE fund products, continuously enrich market indices, and smooth the channels for medium- and long-term capital to enter the market.