Third national exchange proves popular

Managers of companies to be listed on the National Equities Exchange and Quotations record the achievement. The exchange is poised to become China's version of the Nasdaq. By year-end, more than 1,000 micro-sized, small and medium-sized companies will be listed. Provided to China Daily

National Equities Exchange and Quotations, China's third national equity exchange, has been popular among micro-sized, small and medium-sized companies. More than 1,000 will be listed on the board by the end of this year, said Yang Xiaojia, its chairman.

"The NEEQ is going to be China's Nasdaq market in the long term. We will continue to provide good services and innovations to attract companies and investors," said Yang.

Yang said since the third board opened its doors further, companies and investors have flocked there to seek cooperation.

The State Council released a statement in December that said all smaller domestic enterprises of a scale can be listed on the National Equities Exchange and Quotations.

Previously, only enterprises from four high-tech industrial parks in Beijing, Tianjin, Shanghai and Hubei's provincial capital Wuhan could apply to trade equities on the third board.

National Equities Exchange and Quotations started to receive listing applications from domestic companies on Dec 31.

There are currently 642 companies from 15 sectors listed on China's third national equity exchange. Their market value totaled 125.5 billion yuan ($20.6 billion), increasing 127 percent over that at the end of last year.

By Feb19, 22 share issues had been made this year. The financing amount was 467 million yuan, 46.7 percent of that across the full year of 2013.

The trading value at the board by Feb 19 from the start of this year totaled 264 million yuan, 32.4 percent of that in 2013.

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