China's 'new third board' sees higher weekly turnover
Xinhua | Updated: 2020-03-21 15:01
BEIJING -- China's National Equities Exchange and Quotations, also known as the "new third board," saw higher turnover in the past week.
From March 16 to 20, turnover on the board increased 13.82 percent from the previous trading week to 2.35 billion yuan (about $331 million).
As of Friday, the board had 8,777 listed firms and a total turnover of 20.3 billion yuan this year.
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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