Sun, 29 Nov 2020

BEIJING, Nov. 15 (Xinhua) -- A total of 535 companies have received financing from China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," so far this year.

Since the beginning of this year, the 535 companies have issued shares worth over 26.7 billion yuan (around 4 billion U.S. dollars).

Between Nov. 9 and 13, the total turnover on the board was 2.03 billion yuan.

As of Friday, 8,254 companies had been listed on the NEEQ.

Launched in 2013, the board aims 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 to support the quality growth of the real economy.

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