Ten companies debut on 'new fourth board' in Xiamen

Xiamen Cross-Strait Equity Exchange saw the debut of ten small and medium-sized enterprises (SMEs) on Aug 8, of which nine are funded by investors in Hong Kong, Macao and Taiwan.

This is the first time that Hong Kong, Macao or Taiwan-funded SMEs have debuted on the regional equity platform in Xiamen, Fujian province.

The platform, also known as the "new fourth board", is an important part of China's capital market that mainly provides financing services for non-public stock companies in equity circulation in the region.

The growth of the financing platform is playing an important role in fostering a multi-level capital market, as well as serving the real economy by helping start-ups and stimulating innovation.

At the witness of about 100 guests, officials from Xiamen and the SMEs rang a gong to welcome the newcomers.

Lian Ren (right), an official with Xiamen financial affairs office, rings a gong to celebrate the debut of an enterprise on the Xiamen Cross-Strait Equity Exchange on Aug 8. [Photo/xmjr.gov.cn]