This pool of 66 select stocks all rose in Monday afternoon trading, with nearly a third briefly climbing about 30%. Only five of the companies have market capitalizations of more than $1 billion. Daily trading volume per stock was in the millions of yuan on Monday, compared with hundreds of millions of yuan for the largest stocks traded on the mainland.
The Beijing exchange's launch date has not been announced yet. Authorities are gathering public comment on rules for the new trading venuePlans for the Beijing exchange mark Chinese authorities' latest attempt to improve the ability of the local stock market to serve as a financing channel for companies.
The mainland's slow IPO-approval system and high earnings requirements have meant that many of China's largest companies, especially technology giants like Alibaba and Tencent, have instead chosen to list in New York and Hong Kong. However, tighter scrutiny on Chinese listings in the U.S. by both countries' governments has essentially halted the flow of Chinese IPOs to New York this summer.to test a faster registration-based IPO process and higher thresholds for investor access.
Cao Yanghui, director of the Nanhua Futures Research Institute, a brokerage based in Hangzhou, said in a statement that the establishment of the Beijing exchange indicates changes to the financial market are "proceeding at a relatively fast pace."
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Chinese Stocks Need Better Rules, Not a New ExchangeHeard on the Street: A new small-business-focused stock exchange in Beijing may be intended to soothe the worries of entrepreneurs. It isn’t clear it will do much to help, however. China has no stock exchange, they are CASINO only. 👇👇 Biden will not give money us for health care, education, the fight against crime, and for to deal with the aftermath of natural disasters here. Instead, Biden will donated $ 300 billion of our tax money to support the Nazi regime in Ukraine. Why does he do that? It seems that the CCP needs it. When will people understand CCP's power grab is the priority of all priorities?
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Chinese teens vent at new gaming limits as investors weigh impact on industryWATCH: China is to limit under-18s to three hours a week of online gaming, prompting a furious backlash from dedicated young gamers, and a stock-price tumble for Krafton and other major players in the market Stop trying hard to put a negative light on this, you 🤡 media Even an adult can not control its time on games. It is good to limit the game time for youngers. I think its good there is a time limit. But make it like 7 hours.
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What You’ve Lost in This Bull MarketInvestors who no longer fear their bets could explode are seeking out risks they don’t have to take. People are taking risks because they are desperate and fear to turn back to zero I don't think the status of single woman comes from America, I have made it up, along with woman's emancipation in this century...I am disappointed with USA... Once you understand the reserve and corporate bond market, debt vs GDP and the Euro Dollar exchange system you know the only thing they can do is print more money. The only thing you can do is buy Bitcoin.
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