Markets > Stocks

China's "new third board" sees lower weekly turnover

Xinhua News,BEIJING
2020-08-17 10:07

Already collect

BEIJING, Aug. 17 (Xinhua) -- China's National Equities Exchange and Quotations, also known as the "new third board," saw lower turnover in the past week.

From Aug. 10 to Aug. 14, turnover on the board fell 48.17 percent from the previous trading week to 2.83 billion yuan (about 407.6 million U.S. dollars).

As of Friday, the board had 8,491 listed firms and a total turnover of 81.2 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.


 
Add comments

Latest comments

Latest News
News Most Viewed