Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
China will be setting up its new stock exchange that will be based in Beijing. The government made the decision to give the country’s capital more influence in the business and finance sectors.
According to CNN Business, China’s President Xi Jinping made the announcement during the international trade fair event late last week. He said that he wants to build a place for innovative and service-oriented businesses. However, he did not mention his government is launching the new bourse.
The country has two existing stock exchanges and they are in Shenzhen and Shanghai which is far from the nation’s capital, Beijing. Since this area is also the political center, the president wants a stock exchange here as well.
The Shenzhen Stock Exchange was launched in November 1990 and it mostly has tech and small to medium-sized companies. On the other hand, the Shanghai Stock Exchange was established the following year, in July 1991 and it hosts more major companies including banks, energy firms, and businesses owned by the state.
It is notable that the plan to have the bourse in Beijing was announced amid the local government’s crackdown on major tech and now, the entertainment companies. The regulatory’s monitoring has intensified and it was said that this is part of Beijing’s work to rein in their power and influence.
China’s securities regulator, the China Securities Regulatory Commission (CSRC), said that the upcoming Beijing stock exchange will be built on the top of the National Equities Exchange And Quotations (NEEQ). It was added that few chosen firms from the NEEQ can qualify for listing on Beijing’s bourse.
Finally, Reuters reported that although the CSRC said that the new stock exchange is based on the city's New Third Board and complements the Shanghai and Shenzhen exchanges, there are experts that say a rivalry for listing resources may inevitably crop up which is not good.
"The Beijing stock exchange has equal footing with Shanghai and Shenzhen bourses,” the publication quoted PopEton’s chief executive officer of investment adviser and economist, Rock Jin, as saying. “If it prospers, the three will share the market in tripartite confrontation."
