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Chinese President Xi Jinping has announced plans to set up a new stock exchange in the capital city of Beijing to serve innovative small companies, as the country's latest move to expand the country's capital market.
While Xi did not elaborate on details for the exchange, the China Securities Regulatory Commission (CSRC) on Friday published a statement saying it was “a strategic plan that will let capital markets better serve China’s development”.
The Beijing Stock Exchange would carve out a group of innovative small companies . . .
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