—A joint network coding and superposition coding (JNSC) scheme is proposed for information exchange between more than two users in a wireless relaying network. In this paper we consider two scenarios in a relaying network with four nodes: single and multiple information exchange loops between three source nodes, and two alternative transmission schemes, i.e. pure time division (PTD) and pure network coding (PNC), are also considered in order to compare with JNSC. The achievable rate regions of the PTD, PNC and JNSC schemes are all characterized, indicating the JNSC scheme is not always superior to the other two schemes. The sum rate optimization problem with a certain traffic pattern is also solved. We showed that the maximum coding gains of the JNSC and PNC schemes compared with the PTD scheme is achieved as the transmission rate of each node is one third of the sum rate in the network. Simulation results also reveal this phenomenon.