金年会体育security watchdog expounds on Beijing stock exchange role

金年会体育security watchdog expounds on Beijing stock exchange role安博体育

The planned stock exchange in Beijing will firmly adhere to the role of serving innovation-oriented small and medium-sized enterprises (SMEs) as the latest step of the countrys capital market reform, according to an official statement.

File photo/NBD

Work will be done to make the stock exchange play its role in linking multi-level capital markets and form the path of direct financing for SMEs.

The stock exchange will play a different role in Chinas capital market compared with the Shanghai and Shenzhen stock exchanges while strengthening interconnectivity with the two stock exchanges, said the CSRC.

The statement by the China Securities Regulatory Commission (CSRC) came Thursday after the country announced the decision to set up the stock exchange and build it into a primary platform serving innovation-oriented SMEs.

Institutions will be formed based on the characteristics of innovation-oriented SMEs, covering functions including issuance and listing, trading, delisting and supervision, the commission said.

The new stock market is expected to nurture a group of high-quality SMEs that are specialized and innovative, and foster a benign market ecosystem, according to the CSRC.