NEEQ gets popular for small firms
Print Edition
MORE small firms are turning to the market for startup companies to transfer their shares for financing as the government opens more channels to help companies raise money.
Last week, 223 enterprises debuted on the National Equities Exchange and Quotations. The figure more than doubled on a weekly basis.
The transaction volume on the NEEQ rose over 11 percent from the previous week to 4.64 billion yuan (US$710 million) although its major indices were dragged down by the bearish main board market.
As of Friday, there were 6,806 companies listed on NEEQ, with total market capitalization of nearly 3 trillion yuan.
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