China's OTC equity market touches 3-year low
Market, potentially a key financing channel for China's small private firms, is strangled by low liquidity, as regulators tighten supervision
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Shanghai
THE benchmark index on China's main over-the-counter (OTC) equity market on Tuesday finished at its lowest level in almost three years, having broken below the 1,000 point mark, amid growing investor worries about tighter regulations.
The prolonged loss in the New Third Board - the board is now down over 60 per cent from its April 2015 peak - contrasts sharply with a strong recovery in China's main stock exchanges, and casts a cloud over the future of a marketplace some had hoped could incubate China's Google or Microsoft.
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