The Beijing Stock Exchange has announced plans to support small and medium-sized tech companies by offering training and access to finance, aiming to help these firms go public. This move is part of a broader government strategy to promote innovation in China.
In its action plan, the exchange highlighted efforts to assist SMEs that may not yet be profitable but show significant growth potential. These companies will receive financial backing from banks and market institutions, alongside training and other forms of support.
Additionally, the exchange will encourage both established companies and emerging SMEs to engage in mergers and acquisitions. It will provide options to enhance listings through various financial instruments, including ordinary shares, preferred shares, and convertible bonds.
The initiative will also see policy and market institutions offering credit enhancement to further aid these companies in their development.
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