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ChiNext Fills Financing Hole

It's easy to mock Chinext, the volatile new market for SMEs launched in China last week. But by providing a funding source for China's small companies, it's playing a role China's banks have been all too reluctant to perform, says Heard on the Street's... ...full story at China Journal

from China Journal on Thu, Nov 05 2009

see also:

25 Feb 09 visit Pawn Shops Thriving in China  »  YouTube videoWONG: As the global economic downturn continues, many small businesses in China are looking for financing. And when banks won't give them credit, they have been going to pawn shops. Here's more. STORY: With China's economy experiencing its slowest...
30 Oct 09 visit New Market, Old Trend at ChiNext  »  China Journal An investor in China might feel either ecstatic or worried when seeing all of the 28 companies trading on ChiNext, the country's new Nasdaq-style stock market, more than double on their first trading day.
31 Oct 09 visit China's new Nasdaq-style market makes debut Friday  »  People's Daily &$ &$A man watches the screen showing stock index figures with telescope at a stock exchange in Shenyang, capital of northeast China's Liaoning Province, Oct. 30, 2009. All 28 stocks on ChiNext, China's new Nasdaq-style market for small and medium-sized...
30 Oct 09 visit All stocks trigger suspensions on China's Nasdaq-style board on first day  »  People's Daily All 28 stocks on China's new Nasdaq-style market for small and medium-sized companies had been temporarily suspended on its opening day Friday. The stocks on the ChiNext exchange in Shenzhen, Guangdong Province, had all been suspended at least...
13 Mar 09 visit Chinese Premier stresses role of SMEs in boosting employment  »  People's Daily Chinese Premier Wen Jiabao in Beijing Friday stressed the role of small and medium-sized enterprises (SMEs) in boosting the job market. &$&$Source:Xinhua&$&$ ...
12 Apr 09 visit China to give more financing support to farming sector, SMEs  »  People's Daily The People's Bank of China, the central bank, said Sunday that it would beef up support to the agricultural and farming sector, as well as small and medium-sized enterprises (SMEs) that had financing difficulties. &$&$Source: Xinhua&$&$ ...

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