Turnover of China's 'new third board' tops 13b yuan

BEIJING - China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 13.26 billion yuan ($2.05 billion) so far this year.

From Feb 1 to Feb 5, its turnover reached about 2.55 billion yuan.

Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.

China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and support the quality growth of the real economy.

The NEEQ saw a turnover of about 129.46 billion yuan in 2020, a significant increase from the 2019 figure of over 80 billion yuan.

As of Friday, 8,015 companies are listed on the NEEQ.