Turnover on China's "New Thrid Board" Reaches Nearly 10 Bln USD

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Added On November 19, 2019

Turnover on China's National Equities Exchange and Quotations, also known as the "new third board," has reached around 9.92 billion U.S. dollars since the start of the year. Economy Report has more. The total number of companies on the board stood at 9,147 as of Friday. The country's "new third board" was launched in early 2013 to serve small and medium-sized enterprises. With its low costs and simple listing procedures, the exchange is seen as an easier financing channel for smaller businesses. According to China's Securities Regulatory Commission, China has outlined a series of reforms to better serve the needs of small businesses and support high-quality growth in the real economy.