No Flash Boys in #China’s Sleepy Over-the-Counter Markets

Shanghai’s over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone.

During four visits this year to the market, set up in 2012 in an industrial park a half-hour’s drive from the city’s main stock exchange, no prospective investors were in evidence. Fewer than one-third of the 150 companies listed on two large screens have ever traded, according to ChinaScope Financial Ltd., a Shanghai-based data provider.

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