| In the beginning, there lied the necessity for Share B Market's foundation. It has made certain contribution to the development of capital market in China. However, nowadays it's in lack of liquidity and has lost many main market functions. As the completion of non-tradable share reform is approaching, how to solve the remaining problems of Share B Market has drawn many attentions.Based on Market Segmentation Theory, this paper analyzes the current situation of Share B Market and puts emphasis on several specific functions which the market has lost. It questions the unclear positioning of Share B Market. Furthermore, this paper compares the pros and cons of three most popular reform proposals in academic world and tries to recommend the most feasible one. |
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