NEEQ confirms two-way division

The National Equities Exchange and Quotations, China's national over-the-counter share trading market, will soon adopt a new policy that will divide listed companies into two segments - as the securities regulator intends to streamline the regulation of the nascent and rapidly growing market.

The regulator is likely to announce the policy by the end of this month, media reported on Tuesday.

The rules will divide the NEEQ market, better known as the New Third Board, into two segments - the innovative market and the basic market.