China to advance board shift for listed companies on “new third board”


Source: people.cn people.cn

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BEIJING, Feb. 26 (Xinhua) -- China's two major bourses on Friday announced board-transfer regulations for companies listed on China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board." NEEQ-listed companies will be allowed to be shifted to the sci-tech innovation board of the Shanghai Stock Exchange and the Shenzhen Stock Exchange's board of growth enterprises, according to the two bourses. A company eligible for board transfer needs to be listed continuously on the NEEQ selected layer for more than one year, while fulfilling the positioning and starting conditions of the two boards, said the regulations. The...