MONDAY marked the third anniversary since the establishment of the Beijing Stock Exchange (BSE) was announced by Chinese President Xi Jinping, the first bourse based in the capital city in September 2021. Based on various institutional innovations and market reforms, the BSE has developed rapidly since its inception and has become an accelerator that turbocharges the growth of innovation-oriented small and medium enterprises (SMEs). Analysts envision the BSE evolving into a well-regulated, influential and dynamic stock market over the next few years, noting that improved capital market services for the country's sci-tech innovations will contribute to the development of new quality productive services in China and the country's economic upgrade and transformation. Within three years, the BSE has guided significant capital flow to SMEs engaged in technological breakthroughs, advanced manufacturing and green development, becoming an important force driving the development of new quality productive forces and specialized, high-end and innovation-driven SMEs, or referred to as "little giants." Latest data from the BSE showed that the number of eligible investors has exceeded 7 million, with institutional investors including private equity, public funds and insurance firms, domestic news outlet Yicai reported on Monday.