The Comparison Research Of The Overseas Second Board Market

This paper analyzes the overseas second board market of establishing method,trading mechanism, supervision mechanism and some other aspects, and at the same time has examined the second board market reform of USA, UK.,HK, Germany since the "net bubble" of 2000. On the basis of the research above, the paper analyzes the small and medium-sized enterprises board of Shenzhen, and gets several pieces of advice how the Shenzhen's small and medium-sized enterprises board becomes the second board market gradually. The overseas successful conclusions of the small and medium-sized enterprises board to become the second board market are as follows: the definite market orientation; the reform of the launching checking system; lowering the listing standard and establishing the multiple-tier listing standard; putting out the market-maker system timely; intensifying the system innovation and supervising strictly; perfecting the retreating system of the listing companies and so on.