Beijing stocks inflate mini-bubble on index inclusion hopes

SHANGHAI — Share prices on the Beijing Stock Exchange have seen a sharp run-up this month, even as the Shanghai and Shenzhen markets continue to languish, amid anticipation of an influx of institutional money into the fledgling bourse.

The benchmark BSE 50 Index surged 27.5% in November, with a record 11.4% gain on Monday alone, quickly picking up steam after a slow start since the exchange’s establishment in November 2021. It outpaced the Shanghai Composite Index’s 0.4% gain for the month, and low single-digit dips for the tech-focused Shanghai STAR 50 and Shenzhen’s ChiNext Index.