China's securities regulator, the China Securities Regulatory Commission (CSRC), has issued four key initiatives to drive the high-quality development of the Beijing Stock Exchange (BSE) on Friday.

These initiatives include enhancing the quality of listed companies, advancing market reforms, optimizing the market environment, and strengthening organizational support.

It aims to significantly improve the exchange's scale, efficiency, quality, functionality, and stability within three to five years, the CSRC said.

The CSRC will vigorously promote the construction of the investment side and improve the transaction mechanism, to bring in more capital to the market and enhance trading activity, a CSRC official said.

The guideline also introduced a series of measures, such as encouraging public funds to expand their investments in the BSE.

"There is still room for improvement in the participation of public funds in the BSE, with only 11 thematic funds and 12 index funds participating so far," the official explained.

The same day, the BSE unveiled eight reform and innovation measures, including granting direct trading access to investors who already have trading permissions for the STAR Market, China's science and technology focused equities market, further facilitating potential investor participation and expanding the investor base.

Following the announcement, several securities firms, including CITIC, Guosen and Sinolink, launched simplified registration for investors to trade on the BSE.

Sunday marks the second anniversary of the BSE's establishment. As of September 1, 2023, the stock exchange has listed 217 companies with a total market capitalization of 262.4 billion yuan ($36.1 billion).

High-tech companies account for more than 90 percent of the listed companies. Many of them play an important role in the supply chain.

According to earnings reports, as of last week, by companies listed on the BSE, 90 percent of the firms profited in the first half of this year, and nearly half of them showed growth in net profits.

Looking ahead, the CSRC envisions the BSE evolving into a mature, well-regulated, diverse, and influential stock exchange within five to 10 years.