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Economy

52 firms debut on China's New Third Board

May 22, 2017


Abstract : A total of 52 small and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week.

新三板

 

BEIJING, May 20 (Xinhua) -- A total of 52 small and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week.

The newcomers brought the number of companies listed on the National Equities Exchange and Quotation (NEEQ) to 11,215.

Weekly turnover on the board was about 4.6 billion yuan (about 670 million U.S. dollars) during the period, down 18.5 percent from a week ago.

The NEEQ debuted in 2006 as an experimental platform for small non-listed high-tech enterprises in Beijing's Zhongguancun Science Park. 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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Keyword: China-SMEs China-New-Third-Board

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