BEIJING, Feb. 24 (Xinhua) -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," saw a 101-percent monthly increase in financing last month.
Total capital raised amounted to about 5.6 billion yuan (about 834 million U.S. dollars).
NEEQ data also showed expanding investment in research and development by listed companies, with firms in the sectors of information technology, material and healthcare being the top investors.
The NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small- and medium-sized enterprises.
It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures. In 2018, the exchange helped China's SMEs raise 60 billion yuan.
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