New Third Board gets more SME list­ings

China Daily (USA) - - BUSINESS -

A to­tal of 47 small and medi­um­sized en­ter­prises were added to China’s New Third Board, a fur­ther ex­pan­sion of the coun­try’s over-the­counter mar­ket since the board was of­fi­cially es­tab­lished in early 2013. The num­ber of com­pa­nies listed on the board was 9,168 by Oct 14 and rep­re­sents China’s ef­forts to en­cour­age the de­vel­op­ment of SMEs amid down­ward eco­nomic pres­sure. The com­bined mar­ket value of the com­pa­nies is about 3.58 tril­lion yuan ($534 bil­lion). The New Third Board, or Na­tional Equities Ex­change and Quo­ta­tion sys­tem, serves as a na­tional share trans­fer sys­tem for SMEs to trans­fer shares and raise funds.

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