Photo:CFP

China's securities regulator Saturday issued the basic system of the Beijing Stock Exchange that will start taking effect on November 15th, a move signaling that the Beijing Stock Exchange is basically ready to begin operations.

The documents published on the site of China Securities Regulatory Commission include related regulatory documents to go public on Beijing Stock Exchange, refinancing, and continuous supervision.

The selection tier of the New Third Board will translate into the first batch of companies to float on the new exchange, and 68 companies will be transferred to Beijing Stock Exchange when it launches.

China in early September announced to set up the Beijing Stock Exchange to create a main position for service-innovative small and medium-sized enterprises.

The Beijing Stock Exchange ran two comprehensive technical tests with market participants in late September and early October.  

Global Times