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Xi says China to establish stock exchange in Beijing

2021-09-03 08:55:51       source:CGTN

September 2, 2021

China will set up a stock exchange in Beijing and build it into a major base for innovative small- and medium-sized enterprises (SMEs), Chinese President Xi Jinping announced Thursday.

China will continue to support the innovation and development of SMEs and deepen reforms of the "new third board," Xi said while addressing the Global Trade in Services Summit of the 2021 China International Fair for Trade in Services via video. 

The "new third board," officially known as the National Equities Exchange and Quotations (NEEQ), was launched in Beijing in 2013. It offers SMEs a financing channel with low costs and simple listing procedures.

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