What’s new: China’s new Beijing Stock Exchange (BSE) is set to start trading Monday with at least 81 listings, according to company filings released Wednesday.
All of the companies have been trading on the National Equities Exchange and Quotations, an over-the-counter market.
The context: The BSE will be the third national equity bourse on the Chinese mainland, after the Shanghai and Shenzhen stock exchanges.
It was designed as a financing platform for innovative small and midsize enterprises, part of policymakers’ broader strategy to strengthen support for smaller businesses and help them raise money directly from investors rather than relying on banks.
Source: Caixin Global