Beautiful Virgin Islands

Tuesday, Jun 24, 2025

China will create a stock exchange in Beijing

China will create a stock exchange in Beijing

China will set up a new stock exchange in Beijing, giving the nation's capital and political center more influence in the world of business and finance.
President Xi Jinping announced the Beijing-based exchange at an international trade fair on Thursday, saying that he wanted to create a venue for "service-oriented" and "innovative" businesses. He did not say when the exchange would be established.

China already has two stock exchanges on the mainland, but they are located in Shanghai and Shenzhen, far away from Beijing. The Shanghai Stock Exchange, which was established in 1990, hosts mostly large-cap companies, including state-owned enterprises, banks and energy firms. The Shenzhen Stock Exchange has a bigger proportion of tech companies and small or medium-sized firms.

There's also the Hong Kong Stock Exchange, but it is subject to its own legal and regulatory systems and is free of Beijing's capital controls.

The move comes as the Chinese government's regulatory crackdown on large private companies intensifies. Beijing has been working for nearly a year to rein in their power and influence.

And it's being announced as Chinese companies face regulatory hurdles as they try to raise money in the United States. Pressure is coming from Chinese authorities who are increasingly upset about tech firms going public overseas because of concerns about whether they could give foreign governments access to sensitive user data. Meanwhile, US regulators have stepped up scrutiny on Chinese IPOs and required stricter disclosures about potential risks.

It is also the second time Xi has personally announced a stock market initiative. In 2018, as the US-China trade war raged, he unveiled a tech-focused board for startups on the Shanghai Stock Exchange. The creation of the Star Market was intended to channel investment into China's high-tech companies and help the country gain an edge in its competition with the West over tech. Since then, more than 300 tech firms have listed on the board, with a total market cap of more than 4.7 trillion yuan ($728 billion.)

The government also established an over-the-counter system in Beijing in 2013 for trading shares of companies not listed in Shanghai or Shenzhen. It is called the National Equities Exchange And Quotations (NEEQ), and is widely known as the "New Third Board" in China. However, the NEEQ has lagged behind Shanghai and Shenzhen markets in recent years, shrinking in size and liquidity. Xi on Thursday pledged to reform the NEEQ system.

The China Securities Regulatory Commission (CSRC), the country's top securities regulator, later explained that the new Beijing stock exchange will be built on the top of the NEEQ. Selected companies from the NEEQ can qualify to list on the Beijing exchange, the regulator added.

The CSRC also said that the Beijing exchange will complement the Shanghai and Shenzhen stock exchanges and focus on serving "innovative" small and medium-sized businesses.

The registration-based IPO system that China piloted in Shanghai two years ago will be applied to companies seeking to list on the new exchange as well, it added. That system requires companies to make even more disclosures about their operations. It's intended to improve market transparency and reduce an otherwise lengthy regulatory review for IPOs.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×