Market capitalization of the NEEQ in China 2012-2023

In 2023, the National Equities Exchange and Quotations in China had a market capitalization of 2.2 trillion yuan. The market capitalization increased rapidly after 2014 and reached its peak in 2017 at almost five trillion yuan. A year later, the equity market had lost almost 1.5 trillion yuan in value. This was due to the bad investment climate in 2018 when stocks at the two big stock exchanges in Shanghai and Shenzhen both lost around 24 percent in value. However, since then, the NEEQ was unable to recover. This was because the large exchanges attempted to increase their appeal to young companies. Therefore, boards like the ChiNext in Shenzhen and the StarA board in Shanghai posed serious competition to the equity exchange.