Trading in newly launched Beijing Stock Exchange sees downward trend

ANI
24 Nov 2021, 21:48 GMT+10

Hong Kong, November 24 (ANI): Beijing Stock Exchange, which recently opened for business has been witnessing a continuous decline in the trading volume.

The Beijing Stock Exchange (BSE) started trading on November 15, marking a key step in China's efforts to deepen capital market reform and support small businesses, Xinhua reported.

Hong Kong local media has informed that till November 23, the one-day trading of the Beijing Stock Exchange was only one-third of the amount left, a loss of about 67 per cent from the transaction amount as compared to November 15.

In response to the downward trend in the Chinese economy, Premier Li Keqiang convened a meeting on November 22 with local officials in Shanghai.

Meanwhile, the General Office of the State Council of the Communist Party of China issued a document calling for greater efforts to help small and medium-sized enterprises and encourage local governments to arrange relief funds.

A few days ago, the International Monetary Fund (IMF) also released its annual report on the Chinese economy and pointed out that risk are increasing in China's economy. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

null in null

Business

Section

AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

Engineering

Section