39 firms debut on China's New Third Board

BY  | FROM  | 2017-06-12 16:13

A total of 39 small- and medium-sized enterprises (SMEs) went on China's New Third Board last week, latest data showed.

The newcomers brings the number of companies listed on the National Equities Exchange and Quotation (NEEQ) to 11,283.

Turnover on the board stood at 4.87 billion yuan (about 715.67 million U.S. dollars) last week, up 41.53 percent from the previous week.

The NEEQ, also known 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 Jan. 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.

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