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Beijing creates new stock exchange for medium-sized companies

Beijing is to become a new stock trading hub: China plans to set up a stock exchange for small and medium-sized enterprises (SMEs) in its capital, President Xi Jinping announced on Thursday. This is to further support the “innovation-driven development” of SMEs, Xi said in a video address during the opening of the International Trade Fair for Services (CIFTIS), state media reported. Mainland China’s two main stock exchanges are currently located in the financial hub of Shanghai and Shenzhen, located on the mainland’s border to Hong Kong.

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