44 smes debut on new third board
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

44 SMEs debut on New Third Board

Egypt Today, egypt today

Egypt Today, egypt today 44 SMEs debut on New Third Board

Shenzher.
Beijing - XINHUA

A total of 44 small and medium-sized enterprises (SMEs) were added to China's New Third Board from August 29 to September 2, marking further expansion in China's over-the-counter market, after the board was officially established three years ago.

The move brings the number of companies listed on the New Third Board to 8,920 and represents China's effort to encourage the development of SMEs, amid downward economic pressures.

The market value of the 8,920 companies is about 3.4 trillion yuan (about 509 billion U.S. dollars).

Turnover on the New Third Board reached 3.06 billion yuan last week, a 1.13 percent decrease on the previous week.

The New Third Board, or National Equities Exchange and Quotation system, serves as a national share transfer system for SMEs to transfer shares and raise funds.

It started in 2006 as an experimental platform to facilitate financing for China's small non-listed, and promising high-tech enterprises in Beijing's Zhongguancun Science Park.

The current system was officially established on Jan. 16, 2013 after years of trials in several cities, including Shanghai, Wuhan and Tianjin.

It complements the existing stock exchange, the SME board and the ChiNext board, being seen as an easy financing channel with low costs, simple listing procedures, and a short application period for companies not qualified for listing on the major exchanges.

Source : XINHUA

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

44 smes debut on new third board 44 smes debut on new third board



GMT 09:51 2016 Tuesday ,29 March

Back to drawing board for new father Murray

GMT 09:17 2017 Monday ,13 February

RAK police seek help to locate missing girl

GMT 21:52 2011 Monday ,08 August

Leverkusen\'s Giefer hospitalised

GMT 23:05 2017 Wednesday ,25 January

Millions travel for China’s Lunar New Year festival

GMT 23:06 2017 Tuesday ,24 January

Pakistan military tests nuclear-capable missile

GMT 11:34 2017 Tuesday ,14 February

Artist makes NY fashion week debut on a bus

GMT 14:35 2018 Monday ,22 January

Azza Fahmy Jewellery announces UK store launch

GMT 07:41 2014 Wednesday ,19 March

Nail brand The Lacquer Lab launches

GMT 15:19 2011 Tuesday ,02 August

Orwellian Barton forced to train alone by Newcastle

GMT 12:25 2016 Wednesday ,14 December

Evaluation of Participating Companies Goes in Full Swing

GMT 13:37 2017 Monday ,25 December

Abducted Yemenis kept in chains in Houthi jails
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday