China’s army of financial bureaucrats must rank high on the list of the busiest people on the planet.
Rarely does a month go by without some rule change making the news. Most are mere tweaks to existing legislation, but a few represent real change and often come as a genuine surprise.
This was the case on September 3. Speaking at a trade conference in Beijing, president Xi Jinping revealed plans for a new stock exchange, to be based in the capital, with the aim of serving small- and medium-sized enterprises.
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