Reuters reports on a small stock exchange set up in Beijing three years ago, the "New Third Board" (NTB)
- The official freeze on new listings applied to the Shenzen and Shanghai exchanges did not apply to the NTB ... it has newly listed 362 companies since July 3
- Its "not a formal exchange and is aimed at professional investors"
- NTB is an over-the-counter market
"The New Third Board is a completely market-driven board. It lets the market decide," said Suzie Wu, managing partner at Beijing-based Tianxing Capital, a venture capital firm that has been one of the most active players in the New Third Board.
NTB was up 150 percent in the first three months of this year... "before plunging as much as 50 percent"
More at Reuters (but please, be careful out there ... "it has not been above suspicions of market manipulation in stocks")
