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Six firms debut on China's "new third board"

Xinhua,May 12, 2018 Adjust font size:

BEIJING, May 12 (Xinhua) -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," saw the debut of six new small and medium-sized enterprises this week.

With the newcomers, the total number of companies on the board reached 11,345, according to new NEEQ data.

From May 7 to 11, turnover on the board stood at 1.81 billion yuan (about 285 million U.S. dollars), up 43.23 percent from the previous week.

The NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges in serving small and medium-sized enterprises.

It is seen as an easy financing channel for small businesses, with low costs and simple listing procedures. Last year, total turnover on the board stood at 227 billion yuan, up 18.7 percent from 2016. Enditem

 

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