The Beijing Stock Exchange (BSE) may become another “rotten tail” venture under the Xi Jinping administration, a senior financial expert says. The Chinese catchphrase refers to a failed or unfinished task, usually as a result of ill-conceived planning or poor execution.
Trading volume on the BSE continued to decline in 2023, with daily turnover of just 295 million yuan (about $40 million) and the trading volume of certain stocks’ falling as low as 2,200 yuan (about $300) on Jan. 17.
