CHINA-ECONOMY: ON SEPTEMBER 2, CHINESE PRESIDENT ANNOUNCES NEW STOCK EXCHANGE IN BEIJING
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Speaking at the China International Trade in Services Fair on September 2, Chinese President Xi
Jinping announced that China would set up a new stock exchange in Beijing dedicated to small
and medium-sized firms (SMEs). He said the Beijing Stock Exchange will create a platform for
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innovative SMEs and that the authorities will also further deepen reform of the National Equities
Exchange and Quotation (NEEQ) board. In a statement following Xi Jinping’s speech, the China
Securities Regulatory Commission (CSRC) said that certain innovative firms currently listed on
NEEQ will move across to the new Beijing exchange
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