Beijing's plans for stock exchange boost brokerages, VC firms

SOHO China

03/09/2021 03:35

** Shares of brokerages and venture capital firms jump as
investors welcome Beijing's decision to launch a stock exchange
    ** China's President Xi Jinping on Thursday said the country
would set up a stock exchange in its capital, Beijing, to serve
small- and medium-sized enterprises 
    ** China's Neeq Component Index  .CSI899001 , which tracks
companies listed on Beijing's New Third Board, rises 2.4%
    ** Shares of Northeast Securities Co  000686.SZ , Dongxing
Securities Co  601198.SS , Shenwan Hongyuan Group Co
 000166.SZ , and Western Securities Co  002673.SZ  gain
    ** Companies with venture capital business, including Dark
Horse Technology Group  300688.SZ  and Luxin Venture Capital
Group  600783.SS  climb
    ** Hong Kong Exchanges and Clearing Ltd  0388.HK  falls 1.3%
    ** The Hang Seng Index  .HSI  slips 0.2%

 (Reporting by Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))