NEEQ shines on healthier listings

Listed companies on New Third Board hot M&A targets for A-share enterprises

The quality of small and medium enterprises or SMEs listed on China's National Equities Exchange and Quotations, or NEEQ, is improving rapidly, market analysts said.

They attributed the improvement to the board's new stringent rules that allow only companies with impeccable financials to list, and encourage already-listed companies lacking in solid performance to delist.