OTC market firms fair well

New trading system rules to be outlined as early as October

BEIJING - China may soon take a major step forward to expand the country's over-the-counter (OTC) securities market, a move that experts said is a key to establish a multi-layer capital market, as companies traded in the market are believed to have entered a healthy stage of development.

Companies traded on the OTC securities market saw a surge in both revenues and profits for the first half of the year with 69 companies reporting a 75 percent increase in net profits to 359 million yuan year on year, according to the Securities Association of China.