Money

New stock exchange commences trading in China

Published

3 years ago

November 15, 2021

A new Chinese stock exchange has started trading in Beijing

The Beijing Stock Exchange boosts support for smaller-scale firms, as economic growth slows and Beijing cracks down on domestic tech giants.

Over 80 companies have started trading on the exchange, which is expected to complement two other exchanges in Shanghai and Shen-Jeng.

It will focussed on smaller enterprises that have long faced difficulty getting funding from banks.

Chinese media reported on Monday that a number of new stocks on the exchange rose by more than 30 per cent.

Stocks will not be allowed to rise or fall more than 30 percent in a single trading day on the exchange, but earlier reports had said there would be no cap for the first day of listing.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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