Beijing Communist Party chief Cai Qi (left) and 
Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the Beijing Stock Exchange on November 15, 2021. Photo: Xinhua
Beijing Communist Party chief Cai Qi (left) and Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the Beijing Stock Exchange on November 15, 2021. Photo: Xinhua
Cheah Cheng Hye
Opinion

Opinion

The View by Cheah Cheng Hye

As China’s focus switches from property to capital market development, who will benefit?

  • When President Xi Jinping announced the launch of the Beijing stock exchange, it signalled the highest level of support for capital market development
  • Beijing intends to redirect household savings away from property and into stocks and other capital market products, and financial services can be the bridge

Beijing Communist Party chief Cai Qi (left) and 
Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the Beijing Stock Exchange on November 15, 2021. Photo: Xinhua
Beijing Communist Party chief Cai Qi (left) and Yi Huiman, chairman of the China Securities Regulatory Commission, attend the opening ceremony of the Beijing Stock Exchange on November 15, 2021. Photo: Xinhua
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