中国将对新三板进行改革
China will reform its National Equities Exchange and Quotations (NEEQ), or the "new third board," to further promote the growth of small and medium-sized enterprises (SME).
中国将对全国中小企业股份转让系统，又称“新三板”，进行改革以进一步推动中小型企业的发展。
The country has outlined a series of reform measures to better orient the NEEQ to the needs and features of SMEs and support high-quality growth of the real economy, according to the China Securities Regulatory Commission.
NEEQ-listed companies will be stratified to sift out a group of best-performing ones that are treated with a differentiated system regarding trading, investors' eligibility, information disclosure and oversight.
The reform will enable companies that have stayed in the best-performing group for a set period of time to be listed on the stock exchanges, as long as they meet public offering requirements, said the commission.
A diversified shares issuance system will also be introduced to help improve financing efficiency and lower cost for companies.
The government will tighten oversight and management to ensure the quality of listed companies and upgrade the market exit system to protect investors.