BEIJING, Dec. 11 (Xinhua) -- A total of 64 small and medium-sized enterprises (SMEs) were added to China's New Third Board from Dec. 5 to 9.
The number of companies listed on the board was 9,845 as of Friday, representing China's efforts to encourage the development of SMEs amid downward economic pressure.
Turnover on the board reached 5.15 billion yuan (around 747.5 million U.S. dollars) 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.
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