Date
21 October 2017

Assets requirement raised for OTC board investors, paper says

Authorities have completed the preparations for the New Third Board, an expanded over-the-counter trading market designed for growth enterprises, and are awaiting approval from the State Council to launch it, China Securities Journal reported Friday, citing unnamed sources. New rules have also been drafted for the market, including the asset requirement for individual investors which is set higher than the original threshold of 3 million yuan (US$492,427), an official of a securities brokerage was quoted as saying.

– Contact HKEJ [email protected]

TL/AC/CG

 

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