{"id":120850,"date":"2021-09-03T03:28:56","date_gmt":"2021-09-03T03:28:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=120850"},"modified":"2021-09-03T03:28:56","modified_gmt":"2021-09-03T03:28:56","slug":"chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/","title":{"rendered":"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs"},"content":{"rendered":"<ul>\n<li>China&#x27;s President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises.<\/li>\n<li>Mainland China&#x27;s two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland&#x27;s border with Hong Kong.<\/li>\n<li>In a video address at the opening of the China International Fair for Trade in Services, Xi said China would continue to support the innovation-driven development of SMEs.<\/li>\n<\/ul>\n<p>China&#x27;s President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises (SMEs).<\/p>\n<p>Mainland China&#x27;s two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland&#x27;s border with Hong Kong.<\/p>\n<p>In a video address at the opening of the China International Fair for Trade in Services (CIFTIS), Xi said China would continue to support the innovation-driven development of SMEs.<\/p>\n<p>This would be done &quot;by deepening the reform of the New Third Board and setting up the Beijing stock exchange as the primary platform serving innovation-oriented SMEs,&quot; he added.<\/p>\n<p>Reuters reported in March that China was considering establishing a bourse to attract overseas-listed companies and bolster the global status of its onshore share markets, citing sources with knowledge of the matter.<\/p>\n<p>The sources said then that upgrading Beijing&#x27;s existing equity exchange for small and mid-sized firms, known as the New Third Board, was among the options being discussed.<\/p>\n<p>China&#x27;s securities regulator said setting up a Beijing stock exchange would help deepen financial supply-side structural reforms and improve capital market systems.<\/p>\n<p>In a statement issued shortly after Xi&#x27;s remarks, the China Securities Regulatory Commission (CSRC) said its leadership was &quot;excited&quot; at the prospect, would study the president&#x27;s proposal in depth and resolutely implement it. &quot;Small and medium-sized enterprises can do great things,&quot; the CSRC added.<\/p>\n<p>In other comments in his speech to mark the opening of CIFTIS, a trade fair in Beijing, Xi said China would &quot;create more possibilities for cooperation by scaling up support for the growth of the services sector in Belt and Road countries.&quot;<\/p>\n<p>The Belt and Road Initiative is Xi&#x27;s signature trade and infrastructure scheme.<\/p>\n<p>China will support Beijing and other localities in &quot;piloting the alignment of domestic rules with the ones in high-standard international free trade agreements, and in building demonstration zones of digital trade,&quot; the president added.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/09\/03\/xi-jinping-says-china-to-set-up-beijing-stock-exchange-for-smes.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#x27;s President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":120849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me\" \/>\n<meta property=\"og:description\" content=\"China&#x27;s President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises. [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-03T03:28:56+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/Chinas-Xi-Jinping-says-it-will-set-up-a-stock-exchange-in-Beijing-for-SMEs.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/\",\"url\":\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/\",\"name\":\"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-09-03T03:28:56+00:00\",\"dateModified\":\"2021-09-03T03:28:56+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/","og_locale":"en_US","og_type":"article","og_title":"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me","og_description":"China&#x27;s President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises. [...]","og_url":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/","og_site_name":"Fin2me","article_published_time":"2021-09-03T03:28:56+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/Chinas-Xi-Jinping-says-it-will-set-up-a-stock-exchange-in-Beijing-for-SMEs.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/","url":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/","name":"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-09-03T03:28:56+00:00","dateModified":"2021-09-03T03:28:56+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/chinas-xi-jinping-says-it-will-set-up-a-stock-exchange-in-beijing-for-smes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"China&#x27;s Xi Jinping says it will set up a stock exchange in Beijing for SMEs"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/120850"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=120850"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/120850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/120849"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=120850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=120850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=120850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}