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Beijing Stock Exchange opens to mixed reception

10 debuting companies soar while most listings carried over NEEQ board fall

SHANGHAI/HONG KONG -- The Beijing Stock Exchange, China's newest bourse, opened to a mixed reception on Monday, with debuting companies soaring while listings carried over from a preexisting board mostly fell.

The new exchange, whose creation was announced by President Xi Jinping just two months ago, is intended as a fresh source of capital for innovation-driven startups. Trading commenced with 81 stocks, of which 71 were brought over from the New Third Board, an over-the-counter market, while 10 "innovative-level" companies debuted directly on the BSE.

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