China-Financial Street Forum/Beijing Stock Exchange

China to deepen reform in stock market to better serve innovation-oriented SMEs

  • English

Shotlist


Beijing, China - Oct 20, 2021 (CCTV - No access Chinese mainland)
1. Sign reading "Financial Street Forum"
2. Various of Yi Huiman, chairman of China Securities Regulatory Commission (CSRC) speaking
3. Various of attendees; attendees applauding
4. SOUNDBITE (Chinese) Yi Huiman, chairman, China Securities Regulatory Commission:
"We should always stick to the market position to serve SMEs and we should highlight the 'faster, more precise, and new' services to better reflect the development of the Beijing Stock Exchange."
5. Various of attendees
6. SOUNDBITE (Chinese) Yi Huiman, chairman, China Securities Regulatory Commission:
"The Beijing Stock Exchange is the leader, while the innovation tier and the base tier are the foundation of the New Third Board. We should give full play to the leading role of the Beijing Stock Exchange and make it able to empower the New Third Board in return, to invigorate and strengthen the innovation tier and base tier."

FILE: Beijing, China - Dec 22, 2017 (CCTV - No access Chinese mainland)
7. Various of National Equities Exchange and Quotations (NEEQ) building, sign

Storyline


China is stepping up efforts to deepen stock market reforms and better serve small and medium-sized enterprises (SMEs) with a new stock exchange, the country's top securities regulator said Wednesday.

Speaking at this year's Beijing Financial Street Forum in Beijing, China Securities Regulatory Commission chairman Yi Huiman said the new Beijing Stock Exchange will be a major base for innovation-oriented SMEs.

"We should always stick to the market position to serve SMEs and we should highlight the 'faster, more precise, and new' services to better reflect the development of the Beijing Stock Exchange," said Yi.

Yi also explained the relationship between the new stock exchange in Beijing and the current National Equities Exchange and Quotations (NEEQ), also known as the New Third Board, which consists of three tiers of listing transfers: the select tier, the innovation tier and the base tier.

"The Beijing Stock Exchange is the leader, while the innovation tier and the base tier are the foundation of the New Third Board. We should give full play to the leading role of the Beijing Stock Exchange and make it able to empower the New Third Board in return, to invigorate and strengthen the innovation tier and base tier," Yi noted.

As Yi pointed out, the Beijing Stock Exchange should focus on supporting the innovation and development of SMEs, and innovation-oriented SMEs, as a way to build a basic institutional system with the same principles.

The three-day event, which started in 2012, invites well-known experts and scholars from domestic and foreign financial organizations and institutions to conduct extensive exchanges and discussions on international and domestic financial hotspot issues.

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  • ID : 8234382
  • Dateline : Oct 20, 2021/File
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 1'30
  • Audio Language : Chinese/Nats/Part Mute
  • Source : China Media Group(CMG)-CCTV
  • Restrictions : No access Chinese mainland
  • Published : 2021-10-22 13:53
  • Last Modified : 2021-10-22 13:58:28
  • Version : 2

China-Financial Street Forum/Beijing Stock Exchange

China to deepen reform in stock market to better serve innovation-oriented SMEs

Dateline : Oct 20, 2021/File

Location : Beijing,China

Duration : 1'30

  • English


Beijing, China - Oct 20, 2021 (CCTV - No access Chinese mainland)
1. Sign reading "Financial Street Forum"
2. Various of Yi Huiman, chairman of China Securities Regulatory Commission (CSRC) speaking
3. Various of attendees; attendees applauding
4. SOUNDBITE (Chinese) Yi Huiman, chairman, China Securities Regulatory Commission:
"We should always stick to the market position to serve SMEs and we should highlight the 'faster, more precise, and new' services to better reflect the development of the Beijing Stock Exchange."
5. Various of attendees
6. SOUNDBITE (Chinese) Yi Huiman, chairman, China Securities Regulatory Commission:
"The Beijing Stock Exchange is the leader, while the innovation tier and the base tier are the foundation of the New Third Board. We should give full play to the leading role of the Beijing Stock Exchange and make it able to empower the New Third Board in return, to invigorate and strengthen the innovation tier and base tier."

FILE: Beijing, China - Dec 22, 2017 (CCTV - No access Chinese mainland)
7. Various of National Equities Exchange and Quotations (NEEQ) building, sign


China is stepping up efforts to deepen stock market reforms and better serve small and medium-sized enterprises (SMEs) with a new stock exchange, the country's top securities regulator said Wednesday.

Speaking at this year's Beijing Financial Street Forum in Beijing, China Securities Regulatory Commission chairman Yi Huiman said the new Beijing Stock Exchange will be a major base for innovation-oriented SMEs.

"We should always stick to the market position to serve SMEs and we should highlight the 'faster, more precise, and new' services to better reflect the development of the Beijing Stock Exchange," said Yi.

Yi also explained the relationship between the new stock exchange in Beijing and the current National Equities Exchange and Quotations (NEEQ), also known as the New Third Board, which consists of three tiers of listing transfers: the select tier, the innovation tier and the base tier.

"The Beijing Stock Exchange is the leader, while the innovation tier and the base tier are the foundation of the New Third Board. We should give full play to the leading role of the Beijing Stock Exchange and make it able to empower the New Third Board in return, to invigorate and strengthen the innovation tier and base tier," Yi noted.

As Yi pointed out, the Beijing Stock Exchange should focus on supporting the innovation and development of SMEs, and innovation-oriented SMEs, as a way to build a basic institutional system with the same principles.

The three-day event, which started in 2012, invites well-known experts and scholars from domestic and foreign financial organizations and institutions to conduct extensive exchanges and discussions on international and domestic financial hotspot issues.

ID : 8234382

Published : 2021-10-22 13:53

Last Modified : 2021-10-22 13:58:28

Source : China Media Group(CMG)-CCTV

Restrictions : No access Chinese mainland

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