'New Third Board' Development Report 2017 released

By Zhang Liying
0 Comment(s)Print E-mail China.org.cn, February 1, 2018
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As of the end of 2017, the number of companies on China's National Equities Exchange and Quotations (NEEQ), also known as the "New Third Board", reached 11,630, accounting for 13.02 percent of the total companies listed on domestic stock markets, according to a report released at the Second China NEEQ Development Forum held in Beijing on Jan. 31.

A report on the development of China's NEEQ in 2017 is released at the Second China NEEQ Development Forum held in Beijing on Jan. 31. [Photo/China.org.cn]

The report was jointly released by Finance.china.com.cn and the Institute of Securities and Futures at the Central University of Finance and Economics (CUFE). It analyzes the development of China's NEEQ in 2017 and provides solutions to the challenges encountered.

The NEEQ Component Index started 2017 at 1243.61 points, with a fluctuating upward trajectory, and ended the year at 1275.32 points.

China's NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges by serving small and medium-sized enterprises (SMEs).

"Although the NEEQ is facing some problems in its development, such as a lack of liquidity, it plays an important role in facilitating financing for the SMEs," said Xue Lisheng, vice president of China.org.cn in his speech at the forum.

"In the past five years, the NEEQ has developed rapidly and steadily, establishing inclusive listing standards, a market-based financing system and diversified trading system," said Sun Li, director of the Business Department of the National Equities Exchange and Quotations Co. Ltd..

He Qiang, director of the Institute of Securities and Futures at the CUFE, suggested "lowering the threshold of the NEEQ system to investors while continuously strengthening supervision to invigorate capital flows into the market."

China is working to promote the healthy development of a multilevel capital market composed of the main board, the ChiNext stock market, the NEEQ and regional equity markets.

Themed on "Innovative Growth", the forum gathered representatives from more than 100 companies on the NEEQ and investment institutions to discuss how to improve the NEEQ market.

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