Four Things to Know About Beijing’s New Stock Exchange for Small Companies

China’s President Xi Jinping on Thursday announced plans for a new national stock exchange in the country’s capital Beijing that will become a platform for innovative small and midsize enterprises (SMEs) to raise money directly from investors.

The Beijing bourse will be the third on the Chinese mainland, adding to the markets in Shanghai and Shenzhen which are among the world’s top 10 stock exchanges by market capitalization.