China: Beijing Stock Exchange begins trading

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The Beijing stock exchange opened its doors for trading in Beijing on Monday.

Beijing Stock Exchange is the third stock exchange after the Shenzhen and Shanghai Indexes. It is expected to boost the support for the small and medium enterprises and help finance innovative star-ups.

The opening was met with enthusiasm from locals, with one business owner stating: ‘It will boost the development of the economy in the future.’

More than 4 million investors have opened accounts to trade on the Beijing Stock Exchange, with 81 companies starting to trade.

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SOT, Yang Junhong, Investor (Mandarin): “I heard the news that Beijing Stock Exchange was going to open on September 2 from President Xi Jinping’s speech in China International Fair for trade in services. I think everybody knows it now. I have paid a lot of attention in the trending after the speech from President Xi. I am so happy that Beijing Stock Exchange is officially open today.”

SOT, Yang Junhong, Investor (Mandarin): “It is the brand new policy and financial service, which is friendly to small and medium businesses. It helps the small and medium technology companies to solve the problems of financing difficulty.”

SOT, Wang Yifei, Practitioner (Mandarin): “This time, the Beijing Stock Exchange is the platform for the IPO of small and medium companies. It implements registration-based IPO system. It is helpful for the small and medium companies like us. They could solve the financial matters via Beijing Stock Exchange.”

SOT, Wang Yifei, Practitioner (Mandarin): “After two stock exchanges have been established, this is the third one in China. It is a good platform for individual investors to hold the share of innovative small and medium enterprises. We all can get involved in the investment of small and medium enterprises.”

SOT, Ren Xueliang, Business Owner (Mandarin): “The opening of Beijing Stock Exchange provides the new financing and investing platform for the innovative small and medium enterprises as well as investors. It will boost the development of the economy in the future.”

#China #BeijingStockExchange #trading

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