Brokers prepare for the "upgraded version" of the New Third Board.
As one of the earliest promoters of the New Third Board market in China, Shen Wan Hongyuan is the only head broker in the market to set up a new third board business team.
After the establishment of the New Third Board in 2006, Shen Yin Wanguo Securities, the predecessor of Shenwan Hongyuan Securities, established the first research institution covering the New Third Board on 20 10/,and developed the "Shenwan Third Board Market Making" index of 80600 1.
20 15 The former Shen Yin Wanguo Securities and the former Hongyuan Securities merged to form Shenwan Hongyuan Securities, and the OTC market headquarters of Shenwan Hongyuan Securities inherited the New Third Board business. In 2020, Shen Wan Hongyuan renamed the OTC market headquarters as inclusive finance headquarters, and listed the New Third Board business as the company's strategic business and characteristic business. The company has the most comprehensive investment three-board customer group in the market, including mainstream PE, VC, M&A funds, industrial investment funds, asset management and direct investment of securities companies, fund public offering, sunshine private placement, trust plans, resources of listed companies, and a large number of high-net-worth individual investors who have sunk to more than 300 securities business departments across the country.
In terms of market-making business, the company was one of the first four qualified market makers in August 20 14. It has a professional market-making trading team, providing market-making services for 34 1 enterprises, and there are 62 projects 162. Participated in the first batch of 79 market makers and managed 39 market makers, ranking first in the industry; In 2020, it was rated as "the best market maker of the year" (the only one) by the stock transfer company.
Shen Wanhongyuan believes that from the New Third Board to the North Stock Exchange, the development of China's multi-level capital market has taken a solid step. The establishment of the Northern Exchange,
First, it solved the problem of the final listing of mature enterprises in the New Third Board, and no additional transfer mechanism was needed. Existing selected enterprises can directly become listed companies;
Second, it will attract more small and medium-sized enterprises to go public first, mature and finally;
Third, with the open and transparent Pre-IPO enterprise pool, the investment business of innovative SMEs will also usher in spring.
The company will continue to improve a package of comprehensive financial services such as listing recommendation, directional issuance, merger and reorganization, listing sponsorship, market-making transactions, industry research, wealth management and asset allocation. , serving the "special and new".
Changjiang securities said on the interactive platform that the company has been insisting on and continuously investing in the New Third Board business. After years of development, the recommended listing, stock issuance, continuous supervision and other business indicators are in the forefront of the industry. The follow-up company will continue to focus on the opportunity of deepening the reform of the New Third Board and establishing the Beijing Stock Exchange, improve the effective allocation of service resources for growth enterprises, and consolidate the comprehensive service platform for small and medium-sized enterprises at the company level.
Small and medium-sized brokers have more reserves for the New Third Board project.
According to the "Evaluation Results of Sponsored Brokers' Practice Quality in the Second Quarter of 2002/KLOC-0" issued by the National Stock Transfer Company, the brokers with high scores in practice quality are Open Source Securities, Essence Securities, Shenwan Hongyuan, Northeast Securities, Western Securities, Dongxing Securities and TF Securities. These brokers have obtained high professional quality scores in all sub-businesses, which reflects their comprehensive competitiveness in the New Third Board market.
The non-bank team of open source securities pointed out that in February 20021,the basic system for the transfer and listing of the New Third Board was established, and the transfer and listing of the New Third Board Company entered the practical stage. At present, there are 66 listed companies in the selection layer, and companies with abundant New Third Board reserves and strong business are expected to benefit directly. Small and medium-sized brokers have a strong business in the New Third Board, and the top three listed companies in the selection layer and innovation layer are Shenwan Hongyuan (95), CITIC Jiantou (70) and Zhongtai Securities (58).
According to the analysis of the non-bank team of Essence Securities, the service system of brokers for the new third board enterprises is relatively mature, including recommendation listing, issuance and merger, market making, brokerage, listing sponsorship and underwriting. Although the overall contribution of the New Third Board is relatively small, it generally accounts for less than 1% of the brokerage income. However, with the corresponding supporting policies in the next step, the North Exchange will activate the liquidity and financing functions of selected companies, and businesses such as brokers, investment banks and direct investment will benefit. The service fee of the New Third Board is lower, and large investment banks pay more attention to the main board, science and technology innovation board and growth enterprise market. In terms of the number of service providers, the New Third Board is dominated by small and medium-sized brokers, and Shenwan (455), Anxin (342), Zhongtai (288), Kaiyuan (254) and Soochow (24 1) have the largest number of listed companies, ranking among the top five in the industry.