Citi China has set up joins with the China Securities Depository and Clearing Corporation Beijing Branch to give clearing and settlement administrations to the new Beijing Stock Exchange (BSE) and National Equities Exchange and Quotation Company (NEEQ).
In doing as such, Citi says that it has become one of the principal global banks to foster clearing and settlement joins for the new stock trade and to turn out to be completely settled to help exchanging for Qualified Foreign Institutional Investors (QFIIs).
China reported plans in September 2021 to send off another stock trade in Beijing, making the third stock trade on the central area close by the Shanghai Stock Exchange and the Shenzen Stock Exchange.
The BSE is completely possessed by NEEQ, a Beijing-based execution scene giving over-the-counter exchanging more modest organizations, ordinarily before they list on different trades.
The BSE will focus on development situated little and average sized ventures (SMEs), reinforcing the capital-raising channels accessible to these mid-level organizations. It is normal that many organizations presently exchanging on NEEQ will relocate onto the BSE.