Money
New stock exchange commences trading in China
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.