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China's OTC stock market booms amid IPO backlog

Number of NEEQ listed companies rises 9% in two weeks, and 68% from end-2015 to 8,622
Wednesday, August 17, 2016 - 05:50

Hong Kong

A BOOM on China's over-the-counter (OTC) stock market has seen its ranks of listed companies swell 9 per cent in the past two weeks, amid a backlog of initial public offering (IPO) applications at the country's exchanges.

The National Equities Exchange and Quotations (