Xi Plans New Chinese Stock Exchange to Boost Small Businesses
President says new Beijing exchange will support innovation
Xi Jinping vows China to keep opening to services investment
WATCH: China is planning a new stock market in Beijing, focusing on small, innovative businesses. Bloomberg’s Stephen Engle reports.(Source: Bloomberg)
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China will set up a new stock exchange in Beijing to provide financing for innovative smaller companies, President Xi Jinping said, as Beijing tries to increase the role of equity financing in its financial system.
