China’s New Third Board (NTB) has started to accept listing applications from small and medium-scale enterprises across the country, China Securities Journal reported Tuesday. Formally known as the National Equities Exchange and Quotations, the share transfer system was launched in 2006 as an experimental platform for technology start-ups in designated science parks to help expand their access to credit. At least 200 SMEs are expected to comprise the first batch of listing applicants, market observers were quoted as saying. Under the revised rules released on Monday, the minimum capital requirement for individual investors on the NTB has been raised to 5 million yuan (US$825,986), from 3 million yuan previously, to improve the board’s risk tolerance while protecting investors with relatively lower risk appetite, the report said.
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