China's new third board hits 81B yuan turnover
Xinhua, August 12, 2021 Adjust font size:
The cumulative turnover of China's main over-the-counter (OTC) equity market has reached 81 billion yuan (about 12.5 billion U.S. dollars) so far this year.
The National Equities Exchange and Quotations (NEEQ), also known as the "new third board," registered a turnover of 2.9 billion yuan in the transaction week spanning Aug. 2 to Aug. 6.
As of Friday, there are 7,391 companies on the board.
Launched in 2013, the board aims to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.
China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and to support the quality growth of the real economy.