Business
16:31, 17-Jun-2017
27 firms debut on China's New Third Board
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A total of 27 small- and medium-sized enterprises (SMEs) went on China's New Third Board over the past week.
The newcomers brought the number of companies listed on the National Equities Exchange and Quotation (NEEQ) to 11,302.
Turnover on the board totaled 4.6 billion yuan (about 675 million US dollar) from Monday to Friday, down 5.15 percent from the previous week.
The NEEQ, also common known in China as the "New Third Board," debuted in 2006 as an experimental platform for small, non-listed high-tech enterprises in Zhongguancun Science Park, Beijing. The present system was officially established on January 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.
Source: (Xinhua)
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