The National Equities Exchange And Quotations Co., Ltd. (NEEQ) is a Chinese over-the-counter system for trading the shares of a public limited company (Chinese: 股份有限公司; lit. 'Company Limited by Shares') that is not listed on either the Shenzhen or Shanghai stock exchanges. The NEEQ exchange was also nicknamed "The New Third Board" (Chinese: 新三板) in China, as there was an old trading system that the NEEQ replaced.
