The Beijing Stock Exchange will start trading on Monday, a key step forward in China's efforts to revamp its capital market as the new bourse will serve myriad small and medium-sized enterprises (SMEs).
▲Workers install the nameplate of the Beijing Stock Exchange on Financial Street in Beijing's Xicheng district on Sunday, Nov 14, 2021. The exchange will start trading on Monday. Photo/CCTV News
Announcing the launching date in a statement Friday, the new exchange said it is all geared up for trading, with the first batch of 81 companies expected to see their shares traded starting from Monday.
The launch came two months after China announced plans for setting up a new exchange, a move widely welcomed by the market as it aims to address the long-standing financing conundrum of SMEs.
The novel bourse, built upon the existing National Equities Exchange and Quotations, or the "new third board," will play a different role in China's capital market compared with the Shanghai and Shenzhen stock exchanges while strengthening interconnectivity with the two stock exchanges.
单 词 表
北京证券交易所(Beijing Stock Exchange)
融资(get financing) 散户(retail investors)
新三板(the new third board) 上市(get listed)
中小企业(small and medium-sized enterprises)
服务创新型中小企业主阵地(a major base for serving innovative SMEs)
转板去沪深交易所上市(transfer the listing venue to Shenzhen or Shanghai)
长期机构投资者(long-term institutional investors)
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