News Snapshot:
The Beijing Stock Exchange is speeding up processing of IPO applications, which is expected to significantly increase the number of companies that get listed on the Chinese mainland's third and newest bourse that started trading in November. The exchange said on July 1 it expects the number to accelerate in the second half of this year. The bourse also said it has stepped up efforts to launch an index tracking market performance of Beijing-listed companies at an appropriate time. The index will prove useful as the number of listed companies grows. Market experts said more IPOs and a new index...
