China's "new third board" sees lower weekly turnover
Source: Xinhua | 2021-05-24
China's National Equities Exchange and Quotations, also known as the "new third board," saw turnover fall in the past week.
From May 17 to 21, turnover on the board went down 11.66 percent from the previous trading week to 1.8 billion yuan (about 280 million U.S. dollars).
As of Friday, the board had 7,528 listed firms.
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.
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