25 May 2019

Govt set to unveil new OTC board expansion plan, paper says

The New Third Board, an over-the-counter trading market for growth enterprises, will be expanded to include all qualified firms nationwide, and will no longer be limited to technology firms at specified science and technology parks, the Economic Observer reported Thursday, citing unidentified persons with knowledge of the matter. The China Securities Regulatory Commission is expected to make the announcement over the weekend, and related measures will be published next week, the report said. More than 2,000 small and medium-sized firms are preparing to list shares on the expanded board, and Huatai Securities Co. Ltd. (601688.CN) estimated their number will reach 7,000 in five years.

– Contact HKEJ [email protected]




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