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106 SMEs debut on China's New Third Board

Xinhua, January 29, 2017 Adjust font size:

A total of 106 small- and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week, down from 110 from Jan. 16 to 20.

These newcomers brought the total number of companies listed on the National Equities Exchange and Quotation (NEEQ) system to 10,454.

Turnover on the board reached 4.08 billion yuan (around 595 million U.S. dollars) during the period, down 21.55 percent from a week ago.

The NEEQ 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 the country's 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