Sat, 06 Mar 2021

BEIJING, Jan. 24 (Xinhua) -- China's National Equities Exchange and Quotations, also known as the "new third board," saw higher turnover in the past week.

From Jan. 18 to 22, turnover on the board reached nearly 2.77 billion yuan (about 427 million U.S. dollars).

As of Friday, the board had 8,057 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 deemed an easier financing channel for small businesses, with low costs and simple listing procedures.

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