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China to create new stock exchange for SMEs in Beijing
Published on: 2021-09-03
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China will set up its third mainland stock exchange to serve private companies in its capital, Beijing, President Xi Jinping said Thursday, expanding official support for entrepreneurs.
 

The first mainland stock exchange since the 1949 opened in Shanghai in 1990 to raise money for state-owned companies. A second exchange opened in the southern city of Shenzhen, adjacent to Hong Kong, in 1991.
 

They have gradually added some private enterprises but still are dominated by state-owned companies. Private companies including e-commerce giant Alibaba Group have turned to Western exchanges and Hong Kong to raise money.
 

Shenzhen added a separate trading board in 2004 for private enterprises. Shanghai added a board for technology companies in 2019.
 

The planned stock exchange in Beijing will firmly adhere to the role of serving innovation-oriented small and medium-sized enterprises (SMEs) as the latest step of the country's capital market reform, according to an official statement.
 

北京证券交易所要来了!

继上海证券交易所、深圳证券交易所之后,作为我国的首都、重要的经济中心,北京也将迎来证券交易所。
 

9月2日,习近平主席在2021年中国国际服务贸易交易会全球服务贸易峰会致辞中宣布,继续支持中小企业创新发展,深化新三板改革,设立北京证券交易所,打造服务创新型中小企业主阵地。

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