BEIJING, May 24 (Xinhua) -- China's National Equities Exchange and Quotations, also known as the "new third board," saw lower turnover in the past week.
From May 18 to May 22, turnover on the board fell 10.62 percent from the previous trading week to 2.04 billion yuan (about 287.7 million U.S. dollars).
As of Friday, the board had 8,599 listed firms and a total turnover of 38.5 billion yuan this year.
The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small- and medium-sized enterprises.
It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures. Enditem
