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Markets

Beijing Stock Exchange opens to mixed reception

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

Only qualified investors are allowed to trade on the new Beijing Stock Exchange.   © AP

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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