BUSINESS
China's new third board hits nearly 120 bln yuan turnover
Xinhua
17:20, September 12, 2021

The cumulative turnover of China's main over-the-counter (OTC) equity market has reached 93 billion yuan (about $14.4 billion) so far this year. (Photo: China Daily)

This year's cumulative turnover of China's main over-the-counter (OTC) equity market has reached 118.9 billion yuan (about 18.4 billion U.S. dollars) as of Friday.

The National Equities Exchange and Quotations (NEEQ), also known as the "new third board," registered a turnover of 17.83 billion yuan in the transaction week spanning Sept. 6 to 10, up 120 percent over the previous week.

As of Friday, there are 7,281 companies on the board.

Launched in 2013, the board aims to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.