Two exchange centers, the Beijing Private Equity (PE) Exchange and the Beijing-Tianjin-Hebei Note Exchange, have been approved by the Beijing Municipal Bureau of Financial Work to establish themsleves in the Haidian district.
The Beijing PE Exchange, China’s first PE transfer platform, was initiated by Haiguo Capital, a financial firm affiliated with Haidiandistrict with registered capital reaching 64 million yuan. The Exchange’s establishment shows Beijing’s efforts in developing its financial industry by making the secondary market trading of PE funds possible.
The Beijing-Tianjin-Hebei Note Exchange was also initiated by Haiguo Capital with registered capital at 100 million yuan, appearing as a response to the call for a more integrated development of the Beijing-Tianjin-Hebei region by playing a demonstrative role in the areas of financial services and reform. The Note Exchange will also promote the application of commercial bill of exchange in the three regions and provide financial assistance to both small and medium-sized enterprises.
The Haidian District has demonstrated efforts in setting up new exchange centers with industrial advantages or a specific industrial background. China is determined to build a multi-level capital market and bring those benefits to wider group by offering customized financial services to startup or growing micro, small and medium-sized enterprises.
