China-Beijing Stock Exchange/Trading
Beijing, China - Nov 15, 2021 (CCTV - No access Chinese mainland)
1. Secretary of Beijing Municipal Committee of Communist Party of China Cai Qi (L), Chairman of China Securities Regulatory Commission Yi Huiman (R) ringing opening bell
2. Various of Cai and Yi unveiling plaque for Beijing Stock Exchange
3. Official speaking at opening ceremony
4. Various of LED screen showing stock indices
Beijing, China - Nov 14, 2021 (CCTV - No access Chinese mainland)
5. Beijing Stock Exchange facade
Beijing, China - Recent (CCTV - No access Chinese mainland)
6. Sign reading "Beijing Stock Exchange" in Chinese, English
7. Chinese national flag, other flags
FILE: Beijing, China - 2020 (CCTV - No access Chinese mainland)
8. China Securities Regulatory Commission building
Beijing, China - Recent (CCTV - No access Chinese mainland)
9. Facade of National Equities Exchange and Quotations (NEEQ) building
10. Sign reading "National Equities Exchange and Quotations" in Chinese
11. Various of stock traders at work
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Various of automatic devices operating
13. Various of automatic production line
14. Various of workers in factory
The newly-established Beijing Stock Exchange started trading on Monday, with the first batch of 81 companies seeing their shares traded on the bourse.
An opening ceremony for the new stock exchange began at 09:00 Monday. At 09:30, Secretary of the Beijing Municipal Committee of the Communist Party of China Cai Qi and Chairman of China Securities Regulatory Commission Yi Huiman rang the opening bell after unveiling a plaque for the new exchange.
It only took 74 days to set up the Beijing Stock Exchange since the announcement of the plan.
According to trading rules, there are no price change limits for ten IPOs on the first trading day, while the rest transferred from China's New Third Board, mostly in medicine, mechanical equipment, new materials and information technology, are allowed to rise or fall by a maximum of 30 percent on the day, higher than the 20-percent limit for most stocks on the Science and Technology Innovation Board and China's NASDAQ-style ChiNext board.
The Beijing Stock Exchange is the subsidiary wholly-owned by National Equities Exchange and Quotations (NEEQ), more commonly known as the New Third Board, an entry-level, over-the-counter financing channel with low costs and simple listing procedures for small- and medium-sized enterprises (SMEs) to raise funds before listing on a stock exchange.
The new stock exchange will mainly serve SMEs focusing on innovation, implementation of various policies and contribution to high-quality growth of China's real economy, said the bourse.
Individual investors eligible for the new bourse should have at least two years of experience in securities investment. Their average daily securities assets should be no less than 500,000 yuan (about 77,487 U.S. dollars) in the 20 trading days before they are allowed to trade on the bourse, according to a regulation released on the bourse's website.
As of Friday, over 2.1million new investors have applied for trading. There will be an estimated four million eligible investors, with 112 security firms having been granted memberships of the stock exchange.
China-Beijing Stock Exchange/Trading
Dateline : Nov 15/14, 2021/Recent/File
Location : China
Duration : 1'31
Beijing, China - Nov 15, 2021 (CCTV - No access Chinese mainland)
1. Secretary of Beijing Municipal Committee of Communist Party of China Cai Qi (L), Chairman of China Securities Regulatory Commission Yi Huiman (R) ringing opening bell
2. Various of Cai and Yi unveiling plaque for Beijing Stock Exchange
3. Official speaking at opening ceremony
4. Various of LED screen showing stock indices
Beijing, China - Nov 14, 2021 (CCTV - No access Chinese mainland)
5. Beijing Stock Exchange facade
Beijing, China - Recent (CCTV - No access Chinese mainland)
6. Sign reading "Beijing Stock Exchange" in Chinese, English
7. Chinese national flag, other flags
FILE: Beijing, China - 2020 (CCTV - No access Chinese mainland)
8. China Securities Regulatory Commission building
Beijing, China - Recent (CCTV - No access Chinese mainland)
9. Facade of National Equities Exchange and Quotations (NEEQ) building
10. Sign reading "National Equities Exchange and Quotations" in Chinese
11. Various of stock traders at work
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Various of automatic devices operating
13. Various of automatic production line
14. Various of workers in factory
The newly-established Beijing Stock Exchange started trading on Monday, with the first batch of 81 companies seeing their shares traded on the bourse.
An opening ceremony for the new stock exchange began at 09:00 Monday. At 09:30, Secretary of the Beijing Municipal Committee of the Communist Party of China Cai Qi and Chairman of China Securities Regulatory Commission Yi Huiman rang the opening bell after unveiling a plaque for the new exchange.
It only took 74 days to set up the Beijing Stock Exchange since the announcement of the plan.
According to trading rules, there are no price change limits for ten IPOs on the first trading day, while the rest transferred from China's New Third Board, mostly in medicine, mechanical equipment, new materials and information technology, are allowed to rise or fall by a maximum of 30 percent on the day, higher than the 20-percent limit for most stocks on the Science and Technology Innovation Board and China's NASDAQ-style ChiNext board.
The Beijing Stock Exchange is the subsidiary wholly-owned by National Equities Exchange and Quotations (NEEQ), more commonly known as the New Third Board, an entry-level, over-the-counter financing channel with low costs and simple listing procedures for small- and medium-sized enterprises (SMEs) to raise funds before listing on a stock exchange.
The new stock exchange will mainly serve SMEs focusing on innovation, implementation of various policies and contribution to high-quality growth of China's real economy, said the bourse.
Individual investors eligible for the new bourse should have at least two years of experience in securities investment. Their average daily securities assets should be no less than 500,000 yuan (about 77,487 U.S. dollars) in the 20 trading days before they are allowed to trade on the bourse, according to a regulation released on the bourse's website.
As of Friday, over 2.1million new investors have applied for trading. There will be an estimated four million eligible investors, with 112 security firms having been granted memberships of the stock exchange.
ID : 8240155
Published : 2021-11-15 10:33
Last Modified : 2021-11-15 17:19:00
Source : China Media Group(CMG)-CCTV
Restrictions : No access Chinese mainland
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