Mon, 21 Sep 2020

Turnover of "new third board" tops 70 bln yuan

Xinhua
02 Aug 2020, 19:51 GMT+10

BEIJING, Aug. 2 (Xinhua) -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of around 72.93 billion yuan (about 10.46 billion U.S. dollars) so far this year.

From July 27 to July 31, its turnover reached 11.83 billion yuan.

As of Friday, 8,509 companies were listed on the NEEQ.

Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises (SMEs) 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 support the quality growth of the real economy.

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