SEE (Shanghai Property Rights Exchange) is approved by the Shanghai Municipal Government and supervised by the Shanghai Financial Services Office. It is registered in the OTC market of Zhangjiang Hi-tech Park with a registered capital of 65.438+0.2 billion yuan. It is jointly owned by Shanghai International Group Co., Ltd., Shanghai Stock Exchange, Shanghai Zhangjiang High-tech Park Development Co., Ltd. and Shanghai. On 201February 15, Shanghai Equity Custody Trading Center was officially launched, and the first batch of 19 enterprises such as Shanghai Security Electronics Co., Ltd. and Shanghai Tang Youyou Amusement Equipment Co., Ltd. were successfully listed.

The OTC market in China has existed since the reform and opening up, but it is different from most countries in the world in form. Influenced by the economic system reform, the initial OTC market in China was a property rights exchange scattered all over the country, with different supervision, so far the scale is not large. Nowadays, after more than 20 years' development, China's OTC market has formed a market system composed of agency equity transfer system (including third board and third board), local property rights exchange market and Tianjin property rights exchange.

20 12 12, The Letter of China Securities Association on Agreeing to Confirm the Implementation Plan of Haitong Securities Company's OTC Market Filing (Letter No.2012825 of China Securities Association) confirmed the implementation plan of Haitong Securities, which means the establishment of the first OTC market of domestic securities companies! Ordinary customers can also participate in the OTC market, and investors who participate in OTC transactions should be qualified investors. Securities firms should judge whether investors are suitable to participate in OTC trading according to their identity, property and income status, credit status, financial knowledge, investment experience and risk tolerance.