男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

New Third Board to divide companies into two markets

By Cai Xiao (China Daily) Updated: 2016-03-05 08:29

The country's securities regulator announced on Friday that China's third national equity market will divide its listed companies into two markets from May, a move aimed at meeting the requirements of small and medium-sized enterprises and to improve efficiency.

The National Equities Exchange and Quotations will separate the companies into innovation market and basic market, according to Zhang Xiaojun, a spokesman of the China Securities Regulatory Commission on Friday.

"The National Equities Exchange and Quotations will continue to study and evaluate the market division systems to perfect the differentiated management on listed companies," said Zhang.

"The move can meet requirements of companies at different development stages and is good for listed companies to have competition and make progress," said Li Daxiao, chief economist at Yingda Securities Co.

The National Equities Exchange and Quotations, or the New Third Board, is popular among micro, small and medium-sized firms. There were 5,878 companies listed on the market as of Friday. Qualified investors on the market should each have investable funds of no less than 5 million yuan ($767,800).

The New Third Board released draft rules on market division in November and sought opinion from the public in November and December.

The draft rules said that companies listed on the innovation market of NEEQ will enjoy pilot policies first, but their information disclosure requirements will be stricter.

The CSRC said in November that it was studying a pilot program for companies listed on the New Third Board to go public at China's Nasdaq-style market-the ChiNext board in Shenzhen, Guangdong province.

Meanwhile, Chinese stocks recovered from Monday's plunge to post their biggest weekly gain this year.

The benchmark Shanghai Composite Index rose on Friday by 0.5 percent to close at 2,874.15 points. Industrial & Commercial Bank of China Ltd, the most valuable company listed on the bourse, jumped the most in four months to lead gains by large-cap shares. A gauge of smaller shares declined.

The Shenzhen Component Index dropped 2.31 percent, while the startup index ChiNext declined by 4.98 percent.

The Hang Seng China Enterprises Index increased 1.99 percent in Hong Kong, while the Hang Seng Index advanced 1.18 percent to rise for a third straight week.

Hong Hao, managing director and chief strategist at BOCOM International Ltd, said the market is still concerned about the registration-based system for initial public offerings.

Such concerns, which are unique to the mainland market, are key to the performance differences between the mainland and Hong Kong stock markets, said Hong.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 沐川县| 自贡市| 白河县| 宜章县| 东丽区| 文成县| 陆川县| 兖州市| 九龙坡区| 尚义县| 延庆县| 渭源县| 黄龙县| 石渠县| 莱芜市| 东丰县| 永宁县| 丰都县| 韶关市| 马尔康县| 全州县| 永顺县| 三门峡市| 南丰县| 文成县| 顺义区| 固原市| 米易县| 郑州市| 东丰县| 奎屯市| 丹棱县| 湘阴县| 张家港市| 钦州市| 蓝山县| 太康县| 永州市| 荥阳市| 漠河县| 岱山县|