80% of the 2,272 Shanghai Stock Exchange Listed-Companies Reported Profit for 2023, 2,272 Companies Combined Net Profit of $583 Billion & Generated $7.1 Trillion Revenue, Average Price-Earnings Ratio at 14x, Nasdaq 44x, NYSE 20x, Tokyo Stock Price Index 17x
13th June 2024 | Hong Kong
80% of the 2,272 Shanghai Stock Exchange (SSE) listed-companies had reported profit for 2023. The 2,272 companies combined net profit for 2023 is $583 billion, and generated $7.1 trillion in total revenue. The average Shanghai Stock Exchange (SSE) Price-Earnings Ratio (P/E) is at 14x, lower than Nasdaq 44x, NYSE 20x and Tokyo Stock Price Index 17x (Data on 20/5/24, Yicai Global). In 2024 May, around 226 representing 90% of 228 listed companies on Beijing Stock Exchange have reported profit for 2023, reporting total net profit of $1.8 billion. In 2021, Beijing Stock Exchange, the 3rd stock exchange of China, was launched on 15th of Nov 2021 with 81 companies listed on the new stock exchange. Beijing Stock Exchange was launched to meet the financing needs of innovation-oriented small and medium-sized enterprises (SMEs), and promote the implementation of various policies and contribute to high-quality growth of China economy. All the 81 companies to be listed on Beijing Stock Exchange, are already trading on China National Equities Exchange & Quotations (NEEQ), an over-the-counter market. The Beijing Stock Exchange (BSE) will the 3rd stock exchange of China after Shanghai Stock Exchange and Shenzhen Stock Exchange.
“ 80% of the 2,272 Shanghai Stock Exchange Listed-Companies Reported Profit for 2023, 2,272 Companies Combined Net Profit of $583 Billion & Generated $7.1 Trillion Revenue, Average Price-Earnings Ratio at 14x, Nasdaq 44x, NYSE 20x, Tokyo Stock Price Index 17x “
Around 226 Representing 90% of 228 Listed Companies on Beijing Stock Exchange Reported Profit for 2023 with Total Net Profit of $1.8 Billion
10th May 2024 – Around 226 representing 90% of 228 listed companies on Beijing Stock Exchange have reported profit for 2023, reporting total net profit of $1.8 billion. In 2021, Beijing Stock Exchange, the 3rd stock exchange of China, was launched on 15th of Nov 2021 with 81 companies listed on the new stock exchange. Beijing Stock Exchange was launched to meet the financing needs of innovation-oriented small and medium-sized enterprises (SMEs), and promote the implementation of various policies and contribute to high-quality growth of China economy. All the 81 companies to be listed on Beijing Stock Exchange, are already trading on China National Equities Exchange & Quotations (NEEQ), an over-the-counter market. The Beijing Stock Exchange (BSE) will the 3rd stock exchange of China after Shanghai Stock Exchange and Shenzhen Stock Exchange.
Beijing Stock Exchange to Open on 15th November 2021, 81 Companies to be Listed
12th November 2021 – Beijing Stock Exchange, the 3rd stock exchange of China, will be launched on Monday (15th of Nov 2021) with 81 companies to be listed on the new stock exchange. Beijing Stock Exchange is launched to meet the financing needs of innovation-oriented small and medium-sized enterprises (SMEs), and promote the implementation of various policies and contribute to high-quality growth of China economy. All the 81 companies to be listed on Beijing Stock Exchange, are already trading on China National Equities Exchange & Quotations (NEEQ), an over-the-counter market. The Beijing Stock Exchange (BSE) will the 3rd stock exchange of China after Shanghai Stock Exchange and Shenzhen Stock Exchange.
Beijing Stock Exchange Launched, 2 Months after Announcement
The launching of Beijing Stock Exchange was only announced 2 months ago in September 2021 by China President Xi Jinping. According to the National Enterprise Credit Information Publicity System, Beijing Stock Exchange was registered with a capital of CNY 1 billion ($156 million) and with approval on the 3rd of September 2021 by Beijing Municipal Administration for Market Regulation.
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