Sun, 29 Nov 2020

BEIJING, Nov. 8 (Xinhua) -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of nearly 107.5 billion yuan (about 16.11 billion U.S. dollars) so far this year.

From Nov. 2 to 6, its turnover dropped by more than 20 percent from last week, reaching 1.77 billion yuan.

As of Friday, 8,265 companies were listed on the NEEQ.

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.

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