Turnover on China's "new third board" nearly doubles
BEIJING, Jan. 13 -- Turnover on China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," nearly doubled this week.
The trade volume jumped 92.89 percent from a week ago to more than 5 billion yuan (around 770 million U.S. dollars).
The increase suggested recovering confidence on the new third board as the country is building a multi-tier capital market. NEEQ will start all auctions on Monday in its latest move to stimulate the market.
The total number of companies on the board has reached 11,623.
NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges, serving small and medium-sized enterprises.[ Editor: Zhang Zhou ]