At the moment, the shares of a majority of publicly traded Chinese companies are listed on the Hong Kong Stock Exchange – the fastest growing stock exchange in the Asian region today.
Chinese President Xi Jinping has announced that the country will establish a new stock exchange based in Beijing. According to him, the new exchange will focus on smaller Chinese companies.
In addition, the Chinese president promised to “deepen” reforms of the “new third board”, also known as the National Equities Exchange and Quotations (NEEQ) – an entity first established in 2006 to help promising Chinese start-ups. Under the wave of reforms announced back in 2019, NEEQ began differentiating between various SMEs based on their performance – the exchange would select the best performing firms and then help them develop further, attract financing, and go public on a stock market.
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Sourse: sputniknews.com
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