• Published on 3 September 2021
• 7820 Views
• Print

China will create new stock exchange for SMEs

Xi Jinping, China’s president, announced on 2 September 2021 during the Global Trade in Services Summit a number measures to promote the innovative development of the services trade, including the setting up of a new stock exchange in Beijing to serve innovation-orientated small and medium-sized enterprises (SMEs). The new exchange is also part of China’s efforts to develop its onshore capital markets. According to the China Securities Regulatory Commission, the exchange would improve China’s capital market systems and deepen supply-side structural reforms.

Re-disseminated by The Asian Banker from The State Council of The People’s Republic of China