BEIJING — China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 51.94 billion yuan ($7.35 billion) so far this year.

From June 29 to July 3, its turnover reached 2.79 billion yuan.

As of July 3, 8,539 companies were listed on the NEEQ.

The board was launched in 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small and medium-sized enterprises.

China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises and support the quality growth of the real economy.