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China's "new third board" nears 130 bln yuan of turnover in 2020
Last Updated: 2021-01-03 09:53 | Xinhua
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China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," saw a turnover of over 129.5 billion yuan (about 19.8 billion U.S. dollars) in 2020.
 
The figure represents a significant increase from the 2019 turnover of over 80 billion yuan.
 
In 2020, the total amount of stock issuance by listed companies on the board was 33.76 billion yuan, a marked increase from the previous year.
 
As of Thursday, 8,187 companies were listed on the NEEQ.
 
Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.
 
China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and to support the quality growth of the real economy.  

(Editor:Liao Yifan)

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China's "new third board" nears 130 bln yuan of turnover in 2020
Source:Xinhua | 2021-01-03 09:53
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