Recently, reform measures for the New Third Board have been released by China Securities Regulatory Commission (CSRC) and National Equities Exchange and Quotations Corporation Limited (NEEQ), introducing new channels for the financing by listed companies.  On July 17, 2020, for the purpose of enabling Hunan enterprises to better understand the rules related to issuance review, stock underwriting and supervision at the selected levels, and helping them reasonably plan capital market objectives and arrange listing paths, 2020 Hunan New Third Board Training Seminar was held by Financial Supervisory Administration of Hunan Province, undertaken by Hunan Association of Enterprises Participating in the New Third Board, and co-sponsored by Grandall Changsha Office.