Infographic: New Third Board - rescue venue

China’s start-up board filled a funding gap for companies during a four-month A-share IPO suspension.

China’s nascent over-the-counter equities trading platform, also known as the New Third Board, had been a major beneficiary of Beijing’s ban of IPOs on the main board in Shanghai and Shenzhen since early July. However, the IPO resumption in early November puts a question mark over the New Third Board’s future success. 

The Beijing-based new board had offered an alternative to Chinese small and medium-cap firms in the wake of the summer’s Chinese market rout which wiped about $3 billion off the total value of the market. 

Chinese firms raised Rmb43 billion $6.8 billion on the new board between July and September, up 34%...

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