ZCZC
BCN-16
CHINA-COMPANIES-DEBUT
9 companies debut on China’s “new third board”
BEIJING, Aug. 26, 2018 (BSS/Xinhua) – China’s National Equities Exchange
and Quotations (NEEQ), also known as the “new third board,” saw the debut of
9 small and medium-sized enterprises from Aug. 20 to 24.
With the newcomers, the total number of companies on the board reached
11,050, according to the exchange.
During the period, turnover on the NEEQ stood at 1.437 billion yuan (about
211 million U.S. dollars), down by 5.21 percent from the previous week.
The exchange was launched in early 2013 to supplement the Shanghai and
Shenzhen stock exchanges to serve small and medium-sized enterprises.
It provides an easier financing channel for small businesses, having low
costs and simple listing procedures.
BSS/XINHUA/HR/1230