China will be setting up its new stock exchange that will be based in Beijing. The government made the decision to give the country’s capital more influence in the business and finance sectors.
According to CNN Business, China’s President Xi Jinping made the announcement during the international trade fair event late last week. He said that he wants to build a place for innovative and service-oriented businesses. However, he did not mention his government is launching the new bourse.
The country has two existing stock exchanges and they are in Shenzhen and Shanghai which is far from the nation’s capital, Beijing. Since this area is also the political center, the president wants a stock exchange here as well.
The Shenzhen Stock Exchange was launched in November 1990 and it mostly has tech and small to medium-sized companies. On the other hand, the Shanghai Stock Exchange was established the following year, in July 1991 and it hosts more major companies including banks, energy firms, and businesses owned by the state.
It is notable that the plan to have the bourse in Beijing was announced amid the local government’s crackdown on major tech and now, the entertainment companies. The regulatory’s monitoring has intensified and it was said that this is part of Beijing’s work to rein in their power and influence.
China’s securities regulator, the China Securities Regulatory Commission (CSRC), said that the upcoming Beijing stock exchange will be built on the top of the National Equities Exchange And Quotations (NEEQ). It was added that few chosen firms from the NEEQ can qualify for listing on Beijing’s bourse.
Finally, Reuters reported that although the CSRC said that the new stock exchange is based on the city's New Third Board and complements the Shanghai and Shenzhen exchanges, there are experts that say a rivalry for listing resources may inevitably crop up which is not good.
"The Beijing stock exchange has equal footing with Shanghai and Shenzhen bourses,” the publication quoted PopEton’s chief executive officer of investment adviser and economist, Rock Jin, as saying. “If it prospers, the three will share the market in tripartite confrontation."


Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher
U.S. Natural Gas Market Faces Short-Term Pressure but Long-Term Demand Surge
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 



