USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

17 companies debut on China's "new third board"

Xinhua | Updated: 2018-07-29 17:23

BEIJING -- China's National Equities Exchange and Quotations, also known as the "new third board," saw the debut of 17 new small and medium-sized enterprises during the past week.

With the newcomers, the total number of companies on the board reached 11,112.

From July 23 to 27, turnover on the board went down 3.91 percent from the previous week to 1.8 billion yuan (about $266 million), bringing the total turnover year to date to 50.5 billion yuan.

The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small and medium-sized enterprises.

It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures. Last year, total turnover on the board stood at about 227 billion yuan, up 18.7 percent from 2016.

Top
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US