Analysis of the Listing Effect of Liancheng Numerical Control after Moving from the New Third Board to the Beijing Stock Exchange

With the promotion of a series of "combined fists" in the Beijing Stock Exchange market, the combined CNC ushered in a leap in growth. The company was listed on the New Third Board in 2016, landed on the select tier in 2020, and was listed on the Beijing Stock Exchange in November 2021. This paper takes Liancheng Numerical Control Company as a case, studies its development, discusses the changes of its performance after moving to Beijing Stock Exchange, and explores the path suitable for SMEs to list on Beijing Stock Exchange. Firstly, the paper describes the background and significance of the research, reviews the relevant literature at home and abroad, and points out the content and methods of the research. Secondly, using case analysis and comparative analysis method, this paper analyzes the listing effect of Liancheng NC after moving to Beijing Stock Exchange from two perspectives of capital and company. Finally, the paper summarizes the full text and suggests that small and medium-sized enterprises should be listed on the Beijing Stock Exchange. At the same time, relevant suggestions are put forward for SMEs, Liancheng CNC and Beijing Stock Exchange to promote the construction of China's capital market and promote the better and faster development of SMEs.