Beijing Stock Exchange sets investment threshold

Photo by Bruce Röttgers on Unsplash

Individual investors qualified to trade on the Beijing Stock Exchange must have at least 500,000 yuan ($77,459) worth of assets in their stock accounts, China’s planned bourse said on Friday, setting a threshold on par with Shanghai’s tech-focused STAR Market.

Meanwhile, Beijing’s New Third Board, on which the Beijing Stock Exchange is based, will lower its investor threshold.

China’s President Xi Jinping announced plans for a new stock exchange in the capital city of Beijing to support funding for small- and medium-sized enterprises. China’s securities regulator said the planned exchange will complement two other Chinese bourses in Shanghai and Shenzhen.

The Beijing Stock Exchange published rules on its website saying individual participants must have a minimum of 500,000 yuan on average in their accounts during the 20 trading sessions before they can apply to trade. They must also have at least 24 months of experience trading securities.

The new exchange will be based on the current “select tier” of Beijing’s New Third Board, which also houses companies on the “base tier” and the “innovation tier”.

Operator of the New Third Board on Friday revised the investor thresholds for the “base tier” to 1 million yuan, from 1.5 million yuan previously.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.