Turnover of "new third board" tops 100bil yuan


  • China
  • Sunday, 18 Oct 2020

An investor looks at share prices at a brokerage in Fuyang, Anhui province, on Oct 16, 2020. - China Daily/ANN

BEIJING, Oct 18 (Xinhua): China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 101.16 billion yuan (US$14.9 billion) so far this year.

From Monday to Friday, its turnover reached 3.15 billion yuan.

As of Friday, 8,384 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 support the quality growth of the real economy.

Meanwhile, China's local government bond issuance reached 720.5 billion yuan (US$107 billion) in September, data from the Ministry of Finance showed.

The figure took the total local government bond issuance for the year to 5.68 trillion yuan by the end of September as authorities ramped up bond sales as part of proactive fiscal policies to shore up the virus-hit economy.

Among the issuance, new sales amounted to 4.3 trillion yuan, accounting for 91 per cent of the 4.73-trillion-yuan quota planned for the year, the data showed.

The ministry pledged to continue to quicken bond sales to facilitate the implementation of proactive fiscal policy.

China has accelerated the issuance of local government bonds this year to facilitate the timely implementation of various projects in order to mitigate the impacts of the novel coronavirus outbreak. - Xinhua
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China , Third Board , NEEQ , Turnover , Above 100 Bil Yuan

   

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