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Beijing bourse plans to help smaller tech companies to list

Published 10/20/2024, 08:14 AM
Updated 10/20/2024, 08:15 AM
© Reuters. FILE PHOTO: A woman cycles past the Beijing Stock Exchange building adorned with Lunar New Year decorations, on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

By Mei Mei Chu

BEIJING (Reuters) - The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation.

The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain financing from banks and market institutions, and it will also provide training and support.

© Reuters. FILE PHOTO: A woman cycles past the Beijing Stock Exchange building adorned with Lunar New Year decorations, on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

The bourse will also encourage listed companies as well as the newer SMEs to carry out merger and acquisitions and enhance listings through instruments including ordinary shares, preferred shares and convertible bonds.

It will encourage policy institutions and market institutions to provide credit enhancement support, it said.

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