Since 2026, the Beijing Stock Exchange (BSE) has maintained a smooth and standardized review process for new share issuances, fostering an environment where companies in cutting-edge technology sectors—such as intelligent manufacturing and automotive components—are stepping up their efforts to go public. On March 4, Hifiman made a successful debut on the BSE, and two more new shares were submitted for registration that same week. Furthermore, on March 5, Qiaoluming and Deshuo Technology are scheduled to undergo listing reviews. Liu Xiangdong from Dongyuan Investment observed that the BSE's consistent and predictable pace in reviewing new share issuances aids investors in forming rational expectations. This, in turn, ensures that new share prices align closely with the fundamental values of the companies, thereby encouraging more rational behavior among market participants. Tian Lihui from Nankai University also commented that the BSE's approach to new share issuances is "steady yet forward-looking, marked by enhancements in both quality and efficiency." This strategy provides investors with greater opportunities to engage in new listings and helps steer market valuations towards a more rational footing. On March 2, the review status for Jiachen Intelligent and Longxin Intelligent was updated to 'submitted for registration.' As of March 4, the number of companies pending review for listing on the BSE had reached 194. Liu Xiangdong believes that the flurry of listing reviews for intelligent manufacturing and automotive components companies mirrors broader trends in industrial upgrading and reflects the impact of supportive policies. Looking ahead, the listing trend at the BSE is anticipated to proceed even more smoothly, with a particular emphasis on hard technology sectors and the implementation of more sophisticated participation mechanisms.