Second, the trading threshold of the New Third Board:
(1) In recent 65,438+00 transfer days, the average daily financial assets in the names of investors were more than 5 million yuan. Financial assets refer to bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures and other derivative products.
(2) Having more than 2 years of experience in securities, funds and futures investment, or having more than 2 years of experience in financial product design, investment, risk management and related work, or having managers of securities companies, futures companies, fund management companies and their subsidiaries, commercial banks, insurance companies, trust companies, financial companies and subsidiaries of securities companies, subsidiaries of futures companies and private equity funds registered or registered by trade associations as stipulated in Paragraph 1 of Article 8 of the Measures.
The starting point of investment experience is the date of the first stock transaction in the national share transfer system, Shanghai Stock Exchange or Shenzhen Stock Exchange.
The CSRC held a press conference on Friday. In response to a media report that "recently, some Internet media reported that companies listed in the national share transfer system can directly apply for listing transactions without the approval of the CSRC", is this report true? When the problem. Zhang Xiaojun, spokesman of CSRC, said that on February 27th, 20 13, 13, the New Third Board was expanded to the whole country. With the gradual development of the New Third Board, the market function of the New Third Board has been improved. However, the relevant system of the transfer of the New Third Board is still under study.
Extended data
The main differences between the national share transfer system and the stock exchange are as follows: First, the clients are different. The State Council's Decision on Issues Related to the National Share Transfer System for Small and Medium-sized Enterprises (hereinafter referred to as the the State Council Decision) clearly states that the orientation of the national share transfer system is mainly the development of innovative, entrepreneurial and growing small and medium-sized enterprises. Such enterprises are generally small in scale and have not yet formed a stable profit model.
In terms of access conditions, there is no financial threshold, and companies applying for listing can be unprofitable. As long as it is a joint-stock company with clear ownership structure, legal and standardized operation, sound corporate governance, clear business and fulfilling information disclosure obligations, the sponsoring brokerage firm can apply for listing in the national share transfer system;
Second, the investor groups are different. The investor structure of China's stock exchanges is dominated by small and medium-sized investors, while the national share transfer system has implemented a strict investor suitability system. The future development direction will be the market dominated by institutional investors, who generally have strong risk identification and tolerance.
Third, the national share transfer system is a medium for small and medium-sized enterprises and industrial capital, mainly for enterprise development, capital investment and withdrawal, and is not used for trading.
Resources Baidu Encyclopedia New Third Board