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China

66 firms debut on China's New Third Board

2017-03-13 09:36:08

BEIJING, March 12 (Xinhua) -- A total of 66 small- and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week, according to the latest data.

The newcomers brought the total number of companies listed on the National Equities Exchange and Quotation (NEEQ) system to 10,850.

Weekly turnover on the board was about 6.09 billion yuan (around 810 million U.S. dollars) during the period, down 3.21 percent from a week ago and the second highest this year.

The NEEQ debuted 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.

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.

Editor:Jiang Yiwei