New Beijing bourse aims to boost SME growth amid US-China tensions, poor bank lending

Beijing has not set an official start date for the new stock exchange, but market watchers expect trading to begin before the year ends.
Beijing has not set an official start date for the new stock exchange, but market watchers expect trading to begin before the year ends.PHOTO: AFP

BEIJING - China's latest bourse is aimed at helping more of its smaller companies that employ 80 per cent of the workforce grow amid tensions with the United States.

More ways of raising capital for small and medium-sized enterprises (SMEs) are also expected to help the world's second-largest economy alleviate its perennial problem of banks' reluctance to lend to smaller firms.

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