Turnover of China's 'new third board' tops 113 billion yuan

BEIJING -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of over 113.8 billion yuan (about $17.3 billion) so far this year.

From Nov 23 to 27, its turnover increased by nearly 10 percent from last week, reaching 2.25 billion yuan.

As of Friday, 8,243 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.