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News> Business> Content
Saturday, October 06, 2018, 16:23
Over 1,100 SMEs debut on China's 'new third board' in '18
By Xinhua
Saturday, October 06, 2018, 16:23 By Xinhua

This undated photo shows the National Equities Exchange and Quotations in Beijing. (PHOTO / CHINA DAILY)

BEIJING - A total of 1,106 small and medium-sized enterprises have debuted on China's National Equities Exchange and Quotations, also known as the "new third board," since the beginning of 2018.

The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve SMEs

These companies issued stocks worth 47.52 billion yuan (about US$6.92 billion), according to the exchange.

During the latest trading week before the National Day holiday, turnover on the board stood at 1.492 billion yuan, up 26.44 percent from the previous week.

The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve SMEs.

It is seen as a more beneficial financing channel for small businesses, with low costs and simple listing procedures.

ALSO READ: China's 'new third board' firms see steady 2017 revenue growth

As of Sept 28, the overall market value of the 10,946 companies on the "new third board" reached over 3.6 trillion yuan. 


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