Beijing Stock Exchange Launches With Focus on ‘Little Giants’
- Bourse to help small and medium-sized firms raise capital
- Beijing exchange offers easier access than Star board, ChiNext
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For years, Chinese leaders have been fighting an uphill battle to drive funding for small business. They are counting on Beijing’s first-ever stock exchange under the Communist Party’s rule to get the job done.
The Beijing Stock Exchange, which launches on Monday, is intended as a platform to house small and medium-sized companies that have long faced difficulty raising capital because they aren’t large enough to list elsewhere. About 70 companies will migrate from an existing Chinese board and an additional 10 will debut for the first time that day.