240 SMEs debut on New Third Board
Updated: 2016-08-22 11:19
(Xinhua)
|
||||||||
BEIJING - A total of 240 small and medium-sized enterprises (SMEs) were added to China's New Third Board, marking a further expansion in China's over-the-counter market, after the board was officially established three years ago.
The move brings the number of companies listed on the New Third Board to 8,781 and represents China's effort to encourage the development of SMEs against the current downward economic pressure.
The market value of the 8,781 companies is about 3.36 trillion yuan ($about 509 billion).
Turnover on the New Third Board reached 2.68 billion yuan last week, a 19.27 percent decrease on the previous week.
The New Third Board, or National Equities Exchange and Quotation (NEEQ) system, serves as a national share transfer system for SMEs to transfer shares and raise funds.
It was initiated in 2006 as an experimental platform to facilitate financing for China's non-listed small and promising high-tech enterprises in Beijing's Zhongguancun Science Park.
The present system was officially established on Jan. 16, 2013 after years of trials in cities including Shanghai, Wuhan and Tianjin.
It complements the existing stock exchange, the SME board and the ChiNext board, being seen as an easy financing channel with low costs, simple listing procedures, and a short application period for companies not qualified for listing on the major exchanges.
- International trade corridor tested
- Netizens go crazy for beautiful young doctor who helps woman give birth in shopping mall
- Organ harvesting rumors slammed
- Beijing to try out 5G in key areas by 2020
- Nation's next generation of missiles to be highly flexible
- Li urges top advisers to rely on broad vision
- Malaysian authorities say ship carrying diesel hijacked
- Army commander: THAAD would 'easily affect' China-US ties
- Twin panda cubs confirmed born in Vienna zoo
- Four killed in boat collision in Greece
- Premier Li to receive Aung San Suu Kyi
- S Korean president names 3 new ministers for partial reshuffle
- Top 10 cities with highest GDP in H1
- Chinese teenagers take gold, silver on 10m platform
- US granted re-run to send China out of relay race
- China inches toward gold after beating Netherlands
- Premier Li welcomes Aung San Suu Kyi
- Zhao wins China's first gold medal in men's taekwondo
- World's top 10 innovative economies
- Dancing, food and religion, all in a Xinjiang wedding
Most Viewed
Economy on path of steady growth[1]|chinadaily.com.cn
Gay sex poses HIV threat for youth|Society|chinadaily.com.cn
Japan to release videos of Chinese activists|Asia-Pacific|chinadaily.com.cn
Gay sex blamed for rise in young students with HIV/AIDS|Society|chinadaily.com.cn
More young adults living with parents|Americas|chinadaily.com.cn
Magazine seeks Guangzhou expat families to tour Fujian[1]|chinadaily.com.cn
World's longest sightseeing escalator awaits you in Central China[4]|chinadaily.com.cn
Dai Ethnic Group[1]|chinadaily.com.cn
Minmetals unit offers sponge city solutions for rainfall usage|Business|chinadaily.com.cn
Licenses revoked in anti-porn campaign|Society|chinadaily.com.cn
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
US Weekly
Geared to go |
The place to be |