Beijing Stock Exchange kicks off trading with mixed performance

China's Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed. The Beijing Stock Exchange started trading just two months after Chinese President Xi Jinping announced plans for the new bourse, which is designed to serve small and medium-sized enterprises (SMEs).

China's Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed. Ten stocks that recently conducted initial public offerings on the bourse surged, with the top gainer rising more than 500% in early trading.

The other 71 stocks that were transferred from the "Select Tier" of the "New Third Board" were more muted. The Beijing Stock Exchange started trading just two months after Chinese President Xi Jinping announced plans for the new bourse, which is designed to serve small and medium-sized enterprises (SMEs).