Markets Jun 01

‘Third board’ turnover tops 40 bln yuan

Growth enterprise and start-up exchange has more than 8,000 companies registered

by Nadeem Xu
‘Third board’ turnover tops 40 bln yuan
The National Equities Exchange and Quotations. Photo: Neeq.com.cn

(ATF) China's National Equities Exchange and Quotations (NEEQ) market, also known as the "new third board," has seen turnover of 40.2 billion yuan ($5.6bn) this year.

From May 25 to 29 alone, turnover reached 1.72bn yuan. A total of 8,591 companies had been listed by that period.

Launched in 2013, NEEQ is the third national equity trading bourse after the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It is designed for innovative and high-growth micro-, small- and medium-sized enterprises, including start-ups.

China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises and support quality growth of the real economy.