Here's What We Know About the New Beijing Stock Exchange

By That's Guangzhou, September 10, 2021

0 0

Beijing recently announced plans to establish a third major stock exchange on the Chinese mainland to serve ‘innovation-oriented’ small and medium-sized enterprises (SMEs).

President Xi Jinping said the new market will be in the capital city during a speech given to the International Fair for Trade in Services, as cited by BBC.

The announcement comes at a time when US-listed Chinese companies have come under scrutiny by investors.

According to China Daily, the goal of the new stock exchange is “to link multi-level capital markets and form the path of direct financing for SMEs,” among other aims.

In an opinion piece on, Tom Fowdy noted that the Beijing Stock Exchange can be viewed as a plan to “to further deepen the reform and upgrading of China's National Equities Exchange and Quotations (NEEQ).” The equity trading system for SMEs was launched in 2013.

It’s still unclear when the exchange will begin trading. 

Barron reported that it is likely that individuals will be allowed to invest in the new exchange, citing quotes from Chinese media.

China had 167 million investors as of June 2020.

Click here to learn about Greater China’s three major stock exchanges.

[Cover image via Pixabay]

more news

Beijing Expands Power Over Tech Giants with New Crackdown

Tencent and Alibaba are among the companies that were targeted.

Kris Wu Arrested in Beijing on Suspicion of Rape

Chinese police released a statement on Saturday night regarding Wu's arrest.

The Man Who Helped Bring Shakespeare to China

Lang Shiqiu, the man who helped introduce Shakespeare to China, once lived in Neiwubujie Hutong.

Meet the Spanish Filmmaker Capturing China in its Rawest Form

Luis Castro set out on a mission to document the lesser observed parts of China through the lens.

Head of College Anthony Coles Talks Student Life at Intl Schools

With school starting up again next month for the fall, there’s plenty of planning by faculty and staff that goes in to make it a successful semester.

This City's Metro Came 1st in Revenue and Profit in 2020

It even made more profit than the rest of the metro companies combined.

That's Magazine - June 2021 Issue Out Now!

The June issue of That's is out now, in both paper-and-ink form citywide and digital PDF form.

2 Foreigners 'Blacklisted' After Great Wall Incident

The tourists from Senegal crossed into a section of the Mutianyu Great Wall off-limits to visitors.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsSanya for events, guides, giveaways and much more!

7 Days in Sanya With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Sanya!

Visit the archives