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New Beijing stock exchange to run technical tests ahead of trading By Reuters

by Mike Robinson

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© Reuters.

SHANGHAI, (Reuters) – China’s new Beijing Stock Exchange said that it will conduct two thorough technical tests with market participants, the first of which could take place as soon as Saturday. This is a signal that trading may be on its way.

According to a Wednesday statement, both Saturday’s and Oct. 9 tests will ensure that all market participants can open their markets, according to the exchange.

To fund small and medium-sized businesses, the Beijing Stock Exchange was established this month. China’s securities regulator stated that the Beijing Stock Exchange was complemented by two other bourses in Shanghai, the city-business hub of Shenzhen and southern Shenzhen.

Following simulated trading conducted by the Beijing stock exchange, this test involves fund houses and brokerages.

According to the Beijing exchange, the National Equities Exchange and Quotations would also set up the test, partnering the China Securities Depository and Clearing Corp Ltd. (CSDC), Shenzhen Securities Communication Co., Ltd. and China Securities Index Co. Ltd.

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