Chinese fund managers are piling in to the country’s nascent over-the-counter equity exchange, lured by the chance to invest in emerging industries such as technology and consumables that are under-represented on the country’s main bourses.
An index launched last week shows the National Equities Exchange and Quotations (NEEQ) has gained 53 per cent in 2015, more than the 13 per cent rise for the Shanghai Composite Index and comparable to gains in ChiNext, Shenzhen’s Nasdaq-style start-up board.
Launched in late 2012 and known as the “new third board”, NEEQ hosts trading of 2,130 companies, up from about 350 at the start of 2014.
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