CHINAUS AFRICAASIA 中文双语Français
Business\Markets

124 SMEs debut on China's New Third Board

Xinhua | Updated: 2016-12-26 09:54

BEIJING - A total of 124 small and medium-sized enterprises (SMEs) were added to China's New Third Board from Dec 19 to 23, bringing the number of listed companies on the board to 10,105 as of Friday.

Turnover on the board reached 6.77 billion yuan ($974 million) in the past week, according to RoyalFlush Information, a financial information service provider.

The New Third Board, or National Equities Exchange and Quotation (NEEQ) system, is a national system for SMEs to transfer shares and raise funds.

It began life in 2006 as an experimental platform for non-listed small high-tech enterprises in Beijing's Zhongguancun Science Park. The present system was officially established on Jan 16, 2013 after trials in cities including Shanghai, Tianjin and Wuhan.

It complements the 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.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US