BUSINESS China's 'new third board' sees higher weekly turnover

BUSINESS

China's 'new third board' sees higher weekly turnover

Xinhua

14:18, August 15, 2021

Investors check share prices at a securities firm in Nanjing, Jiangsu province. (Photo: China Daily)

China's National Equities Exchange and Quotations, also known as the "new third board," saw turnover rise in the past week.

From Aug 9 to 13, turnover on the board went up 39.34 percent from the previous trading week to 4.09 billion yuan ($631 million).

As of Friday, the board had 7,369 listed firms.

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

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

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