The Beijing Stock Exchange (BSE), registered on September 3, aims to nurture an array of innovative small- and medium-sized enterprises (SMEs) to better meet their financing needs. On October 30, the China Securities Regulatory Commission released three regulations on issuing and listing, refinancing and continuous supervision for the new bourse as well as 11 normative documents. The BSE, dubbed the “New Third Board,” is an upgrade from a previous market entity known as the National Equities Exchange & Quotations. It provides space for and facilitates centralized securities trading and manages securities markets. The launch of the bourse will not only provide more financing support for innovative SMEs but also enrich the Chinese capital market and facilitate the coordinated growth of the Beijing-TianjinHebei Region. The BSE, the third stock exchange on the Chinese mainland after those in Shanghai and Shenzhen, is expected to play a major role in the nation’s economic transformation and industrial upgrading, especially the development of high-tech industries.
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