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Economy

2 firms debut on China's 'new third board'

1
2019-04-28 16:54:10Xinhua Editor : Gu Liping ECNS App Download

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

With the newcomers, the total number of companies on the board stood at 10,083, according to the exchange.

From April 22 to 26, turnover on the board stood at 1.38 billion yuan (206 million U.S. dollars), down 19.7 percent from the previous week.

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

It provides an easier financing channel for small businesses, with low costs and simple listing procedures.

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