BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Latest Headlines
Small Firms Raise $4.07 bln on New Third Board
 

China's over-the-counter market, or the New Third Board, has helped small firms raise 26.47 billion yuan ($4.07 billion) so far this year.

The number of the firms on the board reached 5,878 and their market value hit 2.64 trillion yuan ($405.5 billion) as of March 4.

The New Third Board was initiated in 2006 as an experimental platform for non-listed enterprises to transfer shares.

The present system, known as the National Equities Exchange and Quotations, was officially established on January 16, 2013 after years of trials in cities including Shanghai, Wuhan and Tianjin.

It complements the existing main board, the SME board and the ChiNext board, being seen as an easier financing channel with low costs, simple listing procedures and a short application period for start-up firms unqualified to be listed on major exchanges.

(Xinhua News Agency March 6, 2016)

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
SHARE
Twitter
Facebook
Google+
WeChat
Weibo
Email
Print
Chinese Dictionary: