With regard to the construction of the valuation system with Chinese characteristics, several representative members believed that the Beijing Stock Exchange has the corresponding foundation and conditions to "build a valuation and pricing center for small and medium-sized enterprises". Through the establishment of systematic and professional valuation standards, it will provide reasonable and accurate valuation for small and medium-sized enterprises and investors, expand the financing channels of small and medium-sized enterprises, and inject new impetus into the high-quality development of small and medium-sized enterprises. The relevant person in charge of the Beijing Stock Exchange said that the Beijing Stock Exchange will continue to focus on the problems faced by the listed small and medium-sized enterprises, such as the weak liquidity base and the need to improve the valuation and pricing function, optimize the issuance and underwriting mechanism, guide the market to make scientific pricing, and increase the service to the issuer. Focus on the balance between the primary and secondary markets, and form a reasonable and normalized rhythm of issuance and listing. Actively explore the trading system mechanism that fits the characteristics of small and medium-sized market capitalization stocks. At the same time, we should focus on the financing needs of small and medium-sized enterprises, guide and mobilize all kinds of funds to participate with greater investment, develop index funds and characteristic products, further improve the efficiency of refinancing, enrich the payment instruments for mergers and acquisitions, and expand the sources of funds for listed enterprises. To talk about the essence of the valuation system with Chinese characteristics, the representative members expressed their views. "It is important to be based on the practice of China's economic development. Our market system mechanism and industrial structure have distinctive characteristics. Only by exploring and establishing a valuation system with Chinese characteristics can we promote the better play of the market resource allocation function." said Zhu Xiaokun, deputy to the National People's Congress and chairman of the Board of Directors of Tiangong International. Cui Ronghua, deputy to the National People's Congress and chairman of Ronghua Holding Group, believes that the valuation system with Chinese characteristics conforms to the characteristics of Chinese path to modernization, is expected to benefit more people's interests, and is conducive to the business model of shared development; More emphasis on sustainability will provide stronger support for green and sustainable development; It can better support industrial security and development and enable the construction of a modern industrial system. "At the time of accelerating the construction of a new development pattern, the proposal to build a valuation system with Chinese characteristics is to better improve the valuation logic of different types of listed companies and better play the function of capital market resource allocation. It is hoped that under the promotion of the competent authorities, the scientific and effective valuation pricing will be further improved, and various financial institutions with high degree of specialization, value and long-term investment will be actively cultivated, so as to further empower the broad and medium-sized Small businesses. " An Ting, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of Hiken Culture, said. After settling in the Beijing Stock Exchange, Zhu Xiaokun believes that with the implementation of the comprehensive registration system, China's multi-level capital market system has taken shape. Different sectors have different positioning and different types of enterprises serve. As a market serving innovative small and medium-sized enterprises, Beijing Stock Exchange should play a leading role in the valuation and pricing of small and medium-sized enterprises, and explore the valuation and pricing model of small and medium-sized enterprises with Chinese characteristics by using the increasingly mature market mechanism. Cui Ronghua said that building a valuation and pricing center for SMEs by Beijing Stock Exchange is conducive to the development of SMEs. With the continuous improvement of the market ecology of the Beijing Stock Exchange, the valuation baton will not only promote enterprises to improve their internal skills, but also make enterprises pay more attention to investor relationship management, so that the market can better understand and explore the intrinsic value of enterprises. The characteristic system of Beijing Stock Exchange has achieved results. "After more than one year of development, Beijing Stock Exchange is building services