China stock exchange for entrepreneurs launches in Beijing
BEIJING (AP) — A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad.
The Beijing Stock Exchange joins others in Shanghai and the southern city of Shenzhen. Mainland exchanges are mostly off-limits to foreign investors, but some Chinese companies have shares traded in Hong Kong, a separate Chinese territory that is open to global capital.