New Third Board Launches after Years of Trials

(Beijing) – China has launched a national over-the-counter (OTC) market after trials began seven years ago. Four pilot zones have been incorporated into the network, and analysts said more will follow quickly.

The new integrated market is managed by the National Equities Exchange and Quotations (NEEQ), which was inaugurated on January 16.

This is the latest development in the so-called New Third Board, which allows investors to trade equities in non-public firms, mostly high-tech startups.