Off the wire
• Top news items in major Kenyan media outlets  • Top news items in major S. African media outlets  • Over one million people affected by severe drought in Sri Lanka  • Weather forecast for world cities -- Jan. 21  • Lock-up shares worth 63.28 bln yuan eligible for trade  • Weather forecast for major Chinese cities, regions -- Jan. 21  • Top news items in major Zambian media outlets  • 8 killed in heavy fighting in southern Somalia  • Ex-presidential chief of staff, culture minister in S.Korea detained over scandal  • Pakistan to hand over Indian soldier, says army  
You are here: 　 Home

More SMEs debut on China's New Third Board

Xinhua, January 21, 2017 Adjust font size:

More small and medium-sized enterprises (SMEs) were added to China's New Third Board in the past week.

A total of 110 SMEs debuted on the board from Jan. 16 to 20, up from 36 a week ago and increasing the total number of its listed companies to 10,354.

Turnover on the board reached 5.2 billion yuan (around 760 million U.S. dollars) during the period, up 20.1 percent from a week ago.

The New Third Board, or National Equities Exchange and Quotation (NEEQ) system, is a national system for SMEs to transfer shares and raise funds.

It began life in 2006 as an experimental platform for non-listed small high-tech enterprises in Beijing's Zhongguancun Science Park. The present system was officially established on Jan. 16, 2013.

It complements existing stock exchanges, the SME board and the ChiNext board. The board is seen as an easy financing channel with low costs and simple listing procedures. Endi