The New Third Board, the national share transfer system for small and medium-sized enterprises, was established with the approval of the State Council and in accordance with the Securities Law. It is the third national stock exchange after Shanghai Stock Exchange and Shenzhen Stock Exchange, aiming at providing public share transfer, financing, asset restructuring and other services for innovative, entrepreneurial and growing SMEs.

The New Third Board Fund is a fund with the listed companies of the New Third Board as its main investment target.