Ten firms debut on China's 'new third board'
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E-mail Xinhua, March 3, 2019
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China's National Equities Exchange and Quotations, also known as the "new third board," saw the debut of ten new small and medium-sized enterprises (SMEs) during this past week.
The number of companies on the board now totals 10,446.
From Feb. 25 to March 1, turnover at the board stood at 1.67 billion yuan (about 249 million U.S. dollars), up 8.08 percent from the previous trading week.
The system was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small- and medium-sized enterprises.
It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures. In 2018, the exchange helped China's SMEs raise 60 billion yuan.
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