A statue of a bull in Beijing Financial Street, Beijing, China, March 21 2021. /CFP
A statue of a bull in Beijing Financial Street, Beijing, China, March 21 2021. /CFP
Beijing Stock Exchange has completed registration with a capital of one billion yuan ($155 million), according to the National Enterprise Credit Information Publicity System.
Information on the publicity system website showed that the establishment and approval date of the Beijing Stock Exchange is September 3, and the National Equities Exchange and Quotations (NEEQ) is the only shareholder. The registration authority is the Beijing Municipal Administration for Market Regulation.
The China Securities Regulatory Commission (CSRC) on September 3 solicited opinions from the public on basic policies of Beijing’s new bourse, based on its position of serving innovative small- and medium-sized enterprises.
The newly-listed companies on the Beijing Stock Exchange should originate from innovative companies that have been listed on the NEEQ for 12 months. The price of targeted issuance should be no less than 80 percent of the market price. The target and price of the issuance should be determined through bidding, and ordinary investors are restricted from selling for no less than six months, according to the draft by the CSRC.
Read more:
Price limits of China’s new stock exchange set to 30%, says regulator
from WordPress https://ift.tt/38IhRFv
via IFTTT
No comments:
Post a Comment