Trading made its market debut at the Beijing Stock Exchange, a bourse focused on mainland small to medium-sized enterprises.
Over 80 companies started trading on the Beijing Stock Exchange today in a bid to enhance funding for small businesses.
The new bourse is key «improving financial support for SMEs, as well as promoting innovation-driven development,» said China Securities Regulatory Commission chairman Yi Huiman at an opening ceremony.
Market Surge on Day One
A number of new stocks rose by more than 30 percent on the first day of trading, according to Chinese media reports.
10 of them triggered temporary suspensions after surging by more than 60 percent.
Bourse rules said that stocks will not be allowed to rise or fall by more than 60 percent in a single trading day but earlier reports said there would be no cap for the first day of listing.
