The National Equities Exchange and Quotations (NEEQ), or China's Over-the-Counter (OTC) stock market, is expected to practice an internal classification system on the market in October at the earliest, the Economic Information Daily reported on Monday.
Introduction of such a system is aimed to ease liquidity tension on the market, which has become a main obstacle for development of the OTC stock market, said the daily.
The companies listed on the OTC stock market are expected to be classified by three factors, namely number of shareholders, quantity of market makers and assets, predicted some industrial insiders. Earlier, Sui Qiang, vice general manager of the NEEQ, disclosed that the system would be launched within 2015.
Latest comments