Four measures to benefit the new three board LED companies will benefit

According to China Economic Net reported that the new three board internal has layered conditions, layered program must be launched before the end of this year, we do not have to worry about. National SME share transfer system Co., Ltd., deputy general manager Sui strong in October 28th to attend the 2015 Financial Street forum, said.

Sui Qiang said that the establishment of three new board for congenitally deficient multi-level capital market and brokerage business fault fault, improve the small and micro enterprises and adapt to the characteristics of risk investment system and comprehensive financial service system. Three new board is the largest reform of China's multi-level capital market incremental, but also the latest innovation variables. "

Liu Naisheng, general manager of CITIC Securities, said that although the new three board function is not so strong, but it is a real solution to the problem of corporate financing and valuation.

The establishment of the new three board market is a major milestone in China's capital market landmark reform of the system, its significance can even be compared with the split share structure reform. Liu Naisheng said the new three board expansion to the country after the rapid development, fully demonstrated the great potential for development.

Turning to the next focus of the work, Sui Qiang said mainly includes four aspects: first, to further strengthen the market financing function. The premise will be listed on stock issuance and merger review, the review mechanism in optimization, improve the stock issuing system, encourage the listing will also be issued, for the development of small and micro enterprises introduced varieties of bonds, asset-backed securities, repo business listing to carry out the pilot.

Two is to improve the market system. Three new board internal layered program will be launched by the end of this year. Around the construction of the market system, will launch three new board to the gem of the pilot board, the introduction and establishment of market cooperation docking mechanism.

Three is to improve the liquidity of the market. To solve the liquidity problem of the new three board, must be based on the characteristics of the new three board market, based on the characteristics of small and micro enterprises to provide a complete set of effective solutions. Including the optimization protocol transfer solutions, vigorously develop the market making business, improve the market mechanism, guide the market maker to increase market investment, enhance the market ability and level, give full play to the role of market makers, investment institutions and diversified development team, expand the market for long-term capital market supply.

Four is to strengthen market regulation, firmly hold the bottom line of systemic risk does not occur. Will adhere to the development of innovation and risk control to match, strengthen the ability of risk financing, explore the use of big data and other technologies to improve the effectiveness of supervision.

Liu Naisheng on the development of the new three board market put forward three suggestions: first, clear system expectations; the two is to enhance the market function; the three is to strengthen market supervision.

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