China's "new third board" raises over 17 bln yuan in H1

China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board", raised 17.415 billion yuan (about 2.53 billion U.S. dollars) in the first half (H1) of this year.

A total of 364 firms made 369 stocks issuances during this period, data from the NEEQ showed.

Among them, 184 issuances were made by small and micro firms, raising a total of 3.898 billion yuan.

A total of 63 listed firms conducted acquisitions in H1 this year, involving 5.22 billion yuan in transactions.

Eight listed enterprises reported major assets reorganizations during the Jan.-June period with a total deal sum of 955 million yuan.

The NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small and medium-sized enterprises, which functions as an easier financing channel with low costs and simple listing procedures.