Researches On Operation Pattern And Risk Prevention Of Chinese Growth Enterprise Market

In 1990s, a bright feature in the international market is that numerous capital marketsset up stock market——second-board market, aimed at innovational company of middle andsmall scale. Emergence of the second-board market is not a occasional and isolated phenomenon, in fact, it is necessity of the development of knowledge economy and the globality of economy. In our country, the development of capital market just has a short period of time, and its construction emphasis is mostly in Senzhen and Shanghai securities businesses. With the development of socialist market economy, the present gingle market system reveals its limitation increasingly; it must be imperative under the situation to construct capital market system of different arrangement including the second-board market. So it has great theoretic and practical meaning to analyze and research the operational pattern of second-board market of our country.This paper illustrates the impersonal inevitability and possibility to set up the second-board market of our country by contrastive researches on its procreant reason, background and overseas primary operational patterns, and designs instauration pattern and market regulations of the second-board market of our country by the numbers. The primary contents are as follows:1. The paper expatiates the concept, characters and overseas developmental conditions of the second-board market in a systemic point of view, and puts forward the necessity and possibility to set up the second-board market of our country.2. The paper illustrates the choice of instauration pattern of the second-board market of our country by contrastive analysis of overseas primary operational patterns of the second-board market.3. Set out from the situation of our country, the paper constructs the market operational regulations of the second-board market in the mass and puts forward a little advice to the operational regulations of our second-board market.4. The paper put forward some corresponding countermeasures to the possible risks in our second-board market by referring experience and lesson of risks management in overseas mature second-board market.The paper indicates that the second-board market is new and absolute market that is isolated from the main-board market; it is an important segment of the capital market, it will have great effect and far-reaching meaning to the development of our securities business.