A cohort of companies making their debut on Beijing’s first-ever stock exchange rallied on the first day of trading, welcome news to Chinese leaders who have been fighting an uphill battle to drive funding for small business.
All the 10 companies newly listed on the Beijing Stock Exchange more than doubled on Monday, with auto parts maker Henan Tongxin Transmission Co. surging 511% and quartz crystal component maker AnHui Jing Sai Technology Co. jumping 255%. The performances of another 71 companies that migrated from an existing Chinese board were mixed.
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November 15, 2021 at 10:35AM
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Beijing Stock Exchange Launches With Focus on 'Little Giants' - Bloomberg
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