33 firms debut on China's New Third Board

A total of 33 small and medium-sized enterprises (SMEs) went on China's New Third Board last week, data showed Saturday.

The newcomers brought the number of companies listed on the National Equities Exchange and Quotation (NEEQ) to 11,123.P Turnover on the board stood at 3.33 billion yuan (around 483 million U.S. dollars) last week.

NEEQ, also known as the "New Third Board," was officially launched in early 2013 to supplement the main Shanghai and Shenzhen bourses in serving SMEs.

It is seen as an easy financing channel for small businesses with low costs and simple listing procedures.