14 firms debut on China's "new third board"

BEIJING - China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," saw 14 new small and medium-sized enterprises this week.

The newcomers brought the total number of companies on the board to 11,639, official data showed Saturday.

Turnover on the board stood at 4.01 billion yuan ($609 million) from Nov 20 to 24, down 15.05 percent from the previous week.

NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges in serving small and medium-sized enterprises.

It is seen as an easy financing channel for small businesses with low costs and simple listing procedures.