Trading To Start On China’s New Small Stock Index

From AP:

Trading on China’s new catering to smaller companies will begin Oct. 23, the chairman of the country’s regulator said Saturday.

The Growth Enterprises Market is meant to nurture private companies that struggle to get financing in a system favoring big state enterprises.

Shang Fulin said the first day of the new board will see an initial batch of 28 companies listed and available for trading, according to the official Xinhua News Agency.

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