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

- From our Sponsors -

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.

- From our Sponsors -

Latest Jobs

Affiliate Marketing Manager

Binance

Singapore

Full Time

SGD 2000 — SGD 2500 monthly

Senior Analyst, Product

Carsome

Petaling Jaya, Singapore

Full Time

Salary Undisclosed

Strategy and Growth Lead

Pluang

Jakarta, Indonesia

Full Time

Salary Undisclosed

3D Creative Designer

Nervape

Singapore , Singapore

Full Time

USD 4000 — USD 7000 monthly

Business Development Manager

Tourplus

Kuala Lumpur, Malaysia

Full Time

MYR 10000 — MYR 30000 monthly

Business Development Intern

BEAMSTART

Damansara Uptown, Malaysia

Internship

MYR 400 — MYR 500 monthly

HR Consultant/Recruiter

Fortune Cookie Wisdom Pte Ltd

Remote, Singapore

Contract / Freelance

Salary Undisclosed

Business Development Manager

Lumirous

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

Online English Teacher

NativeCamp

Remote, United Kingdom

Contract / Freelance

Salary Undisclosed

UI/UX Designer

Soft Space

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).