China is launching a new Stock Exchange for 'Innovative SMEs'

China also aims to attract more foreign investments into local companies that go public.


Carl Adrian

6 Sep, 2021

China is launching a new Stock Exchange for 'Innovative SMEs' | BEAMSTART News

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China is looking to set up a new kind of Stock Exchange, with a focus on small to medium sized enterprises (SMEs).

The announcement was made by China's President, Xi Jinping, in a speech last Thursday.

Key Highlights

  • China plans to introduce a new Stock Exchange in Beijing, according to China's president, Xi Jinping.
  • The new Stock Exchange will focus on "innovative SMEs", which includes startup companies.
  • China presently has 2 other stock exchanges — one in Shenzhen and another in Shanghai — both catering to larger firms.

Why It Matters

  • The establishment of Beijing's new stock exchange will not only provide additional fundraising avenues to smaller Chinese companies, but also provide a liquidity platform for investors.
  • This move also comes as more Chinese companies seek to go public in the United States such as Alibaba, JD.com, among others.
  • China is also introducing new rules to prevent local firms with large amounts of consumer data from going public outside of the country.

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