Recently, it was learned from Tianning District Government that Changzhou CNPC East China Petroleum Corporation Co., Ltd. was founded, marking its success in the transformation to a joint-stock company, which is a key step to be listed in the New Three Board.

The New Three Board originally referred to the share transfer system enacted by the securities companies in Zhong Guan Cun in Beijing, which developed from the listing of companies in the Zhong Guan Cun Science Park. With the market expansion in August 2012, the system was put in place in Tianjin’s Binhai Park, Wuhan’s Donghu Park and Shanghai’s Zhangjiang Park. In the coming future, it could be foreseen that more and more high tech parks will be involved in the board. Currently the New Three Board is officially called “National Medium and Small Sized Companies’ Share Transfer System,” which is operated by the China Small and Medium Sized Company Share Transfer Co., Ltd.

As of now, 19 companies in Tianning have signed contracts of entering the New Three Board, four of which have already been listed on the market.

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