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Macro US Stocks

Beijing Stock Exchange Lists 60 New Stocks Year-to-Date, IPO Queue Hits 223

As of September 23, the Beijing Stock Exchange has listed 60 new stocks this year, exceeding the full-year totals for both 2024 and 2025. The exchange’s IPO queue now stands at 223 companies, more than the combined backlog of the Shanghai and Shenzhen exchanges.

Original source

AI take

The pipeline, not the listing count, is the real signal here: a backlog larger than Shanghai and Shenzhen combined suggests Beijing is being positioned as the default venue for smaller issuers, even as the other two exchanges manage their own flows. That shift matters most for early-stage companies weighing where to list and for the brokers and investors building coverage around them. Whether the queue converts into listings at the current pace, or stalls under review capacity, is the open question.

Generated by AI for reference only.

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