China"s "new third board" nears 130 bln yuan of turnover in 2020

The Chinese mainland stock market remains "very attractive" for global investors over the long term, although a stretched valuation has magnified the volatility of A shares, a leading investment company said.Wang Qian, Asia-Pacific chief economist with the US-based Vanguard Investment Strategy Group and global head of Vanguard Capital Markets Model, said the forecast is based on growth outlook and diversification benefits of the A-share market.Wang"s observations come at a time when the A-share

New disclosure norms adopted by the United States" securities regulator may prompt the listed Chinese mainland companies return to Chinese bourses, said experts.The US Securities and Exchange Commission said on Wednesday that it has adopted interim final amendments to implement the disclosure requirements under the Holding Foreign Companies Accountable Act which require firms to establish that they are not owned or controlled by a foreign government entity. These companies are also required to d

Hywin Holdings, which provides wealth management services in China, on Friday started trading on the Nasdaq.The company, trading under the ticker symbol of "HYW," priced its initial public offering of 3,000,000 American depositary shares (ADSs) at 10 U.S. dollars per ADS.Each ADS represents two Class A ordinary shares of the company.Founded in 2006, the Shanghai-based company provides wealth management services, insurance brokerage services, and asset management services to its clients, and its

The country"s long-term goal to achieve carbon neutrality has been mirrored in the A-share market performance, with stock prices of carbon neutrality-related companies rising by an average 4.07 percent on Monday, while the benchmark Shanghai Composite Index gained 1.14 percent to close at 3443.44 points.Prices of carbon neutrality-related Shenzhen Energy Corp, Jilin Electric Power Co Ltd and Beijing Jingyuntong Technology Co Ltd increased by the daily limit of 10 percent. Steelmaker Beijing Shou

China"s National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of about 25.55 billion yuan (about 3.93 billion U.S. dollars) so far this year.From March 8 to March 12, its turnover hit approximately 2.24 billion yuan.Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.China has outlined a series of reforms to better orient the NEEQ to the needs and f