Glad tidings, weak momentum

Supportive policies, NEEQ recast raise hopes, but investors' fears still remain

Expectation that reforms in May will help improve the efficiency of the National Equities Exchange and Quotations, better known as the New Third Board, will likely boost its financing activities, market-people said.

The NEEQ is China's share trading system for small firms and startups. Amid the economic slowdown, one of the concerns rattling stock markets this year, the NEEQ has been one of the main financing channels for China's cash-strapped startups.