Bloomberg has incorporated real-time pricing data from the Beijing Stock Exchange (BSE) into its Bloomberg Terminal – accessible to users via the exchange code “JC” – it announced today.
The real-time pricing data of the securities and indices listed on BSE was officially made available on the Bloomberg Terminal from last Thursday, 1 June.
David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financial markets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.
He added: “We are committed to the development of the capital markets in China and continue to see increased demand for BSE data. We are honoured to collaborate with the BSE as an international provider of their real-time data, giving global investors the access and visibility they need to efficiently invest in China.”
The BSE was launched in November 2021, and has since been an important platform in China, providing an increased pool of investor capital. It has a particular focus on assisting SMEs with their financing and development. According to the BSE, around 200 companies are listed on the exchange as of May 2023. Additionally, the number of qualified investors on the BSE is now more than five million.
Foreign investors trade stocks listed on BSE through either the Qualified Foreign Institutional Investors (QFIIs) or RMB Qualified Foreign Institutional Investors (RQFIIs) programs.
Long Haiyang, director of BSE executive office, said that through this collaboration with Bloomberg the BSE is able to offer diverse channels for global investors to access the exchange’s real-time data.
He explained: “As part of our role in promoting high-level opening up of the capital markets, BSE will continue to improve its market functionality and systems, while expanding international cooperation to support international investors as they invest in China to share the benefits of innovative development.”