Companies listed on Beijing Stock Exchange rallied after regulator pledged reforms to improve development
Companies listed on Beijing Stock Exchange rallied after regulator pledged reforms to improve development

Companies listed on Beijing Stock Exchange rallied after regulator pledged reforms to improve development

 

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Nearly all of the companies listed on China’s Beijing Stock Exchange gained on Monday, as China’s securities regulator pledged reform measures to improve the development of the bourse.

On Friday, the China Securities Regulatory Commission (CSRC) said that it will improve the quality of listed companies and allow eligible high-quality small- and medium-sized enterprises (SMEs) to go public and listed on the BSE.

CSRC noted the importance of enhancing market liquidity, saying that “it is essential to have sufficient liquidity to support a further development of the Beijing Stock Exchange.”

The BSE said on Sunday that 90% of the companies listed on the bourse made a profit in the first half of 2023 as the government’s growth-reinforcing policies kicked in.