北交所双周报（1.13-1.24）：北交所执业质量评价结果出炉，可持续发展报告指南正式实施

Market Performance - The overall market performance of the Beijing Stock Exchange (BSE) was strong during the period from January 13 to January 24, 2025, with a closing market value of CNY 560.94 billion on January 24, representing a 5.4% increase from the opening market value on January 13[5]. - Out of 263 stocks on the BSE, 187 stocks increased, 1 stock remained flat, and 75 stocks decreased during this period[17]. Trading and Valuation Metrics - The total trading volume for the BSE during this period was CNY 153.92 billion, with an average weekly trading amount of CNY 5.85 billion and a turnover rate of 53.9%[3][9]. - The average market capitalization of companies on the BSE was CNY 21.33 billion, significantly lower than the average market capitalization of CNY 92.3 billion for the ChiNext and CNY 117.5 billion for the Sci-Tech Innovation Board[9]. Sector Performance - The computer sector showed the best performance with a median increase of 0.3%, while the environmental sector had a median decrease of -7.3%[22]. - The median price-to-earnings (P/E) ratio for the BSE was 34.4 times, which is an increase of 1.5 times compared to the previous period[9]. Fund Performance - The overall performance of BSE-related thematic and index funds was weak, with the best-performing fund, the Invesco North Exchange 50 Index Enhanced A, showing a decline of approximately -3.3%[25][26]. Regulatory Developments - The BSE released the "Guidelines for the Preparation of Sustainable Development Reports" on January 17, 2025, aimed at enhancing the quality of listed companies[56]. - The annual evaluation results for the operational quality of securities companies were published on January 24, 2025, categorizing 103 companies into four tiers based on their performance[56]. Risk Factors - Key risks identified include policy risk, liquidity risk, and the risk of corporate earnings not meeting expectations[58].