China wants to set up a new stock exchange in Beijing. According to Chinese President Xi Jinping, the exchange will be given the task of mainly serving small and medium-sized companies.
According to Xi, it is important to support the innovative development of small and medium-sized enterprises.
The Beijing Stock Exchange should become the main platform for this, Xi said in a video address at the inaugural of the China International Fair for Trade in Services.
Xi did not provide any information about when the exchange should be set up.