new third board. The establishment of Beijing Stock Exchange means that the reform of the New Third Board has entered a new stage, and three areas will benefit directly. The North Exchange is positioned as the "main position of service innovation-oriented SMEs", and its purpose is to undertake the "New Third Board" mechanism, make up the shortcomings of the capital market in supporting small and medium-sized private enterprises, and thus promote the development of the capital market in a more inclusive direction.

beijiao exchange is positioned as "the main position of innovative small and medium-sized enterprises", and its purpose is to undertake the new third board mechanism, make up the shortcomings of the capital market in supporting small and medium-sized private enterprises, and thus promote the development of the capital market in a more inclusive direction.

I. Conditions for opening an account Individual investor

1. The market value of the securities assets under the investor's name at the end of the last trading day was more than 5 million yuan. Securities assets include trading settlement funds, stocks, funds, bonds and securities firms' collective wealth management products listed by customers on the Shanghai and Shenzhen Stock Exchanges and the national share transfer system, except for credit securities account assets.

2. More than two years experience in securities investment, or relevant professional background or training experience in accounting, finance, investment and finance. The starting point of investment experience is the date when the first stock transaction in an investor's account took place in the national share transfer system, Shanghai Stock Exchange or Shenzhen Stock Exchange.

II. Financial institutional investors

1. A legal person with a registered capital of more than 5 million yuan.

2. a partnership with a total investment of more than 5 million yuan.

third, how to operate the New Third Board stock?

1. Market-making transfer

For investors, there is no difference between market-making transfer entrustment and stock trading entrustment in Shanghai and Shenzhen, except that no matter whether buying or selling, the counterparty is facing the market maker of the stock.

2. Transfer of shares by agreement

Under the mode of transfer by agreement, there are two ways of entrustment and transaction.

one is "transaction confirmation entrustment and mutual report transaction confirmation entrustment". In this transaction entrustment mode, after private consultation, the two parties to the transaction make a point-to-point transaction in the system, and the transaction is reached by mutual confirmation entrustment, and other third parties cannot participate.

3. Pricing entrustment

In the case of pricing entrustment, after the entrusting party quotes its own price and quantity, anyone can make a deal with the entrustment. If there is no deal, the exchange will make a centralized matching transaction between the buyer and the seller at the closing time.

Pricing entrustment refers to the instruction of the customer to buy and sell no more than the specified number of shares at the entrusted price. Pricing entrustment shall include securities account number, securities code, buying and selling direction, entrusted quantity, entrusted price, etc.