Chongqing Otc Market Research

Under China's strategy of constructing multi-level capital markets and under the background of West Development Campaign and Chongqing was approved of Over-the-counter market,this thesis reviews the literature on concept of Over-the-counter market and related theory, recall the history of developing process about multi-level capital market in our country, and makes analysis about definition Over-the-counter market in Chongqing city.This paper selects the cause and structure of the OTC market as researching object to aim at revealing some reasons and effective running methods of the OTC market. From matching financier and investor, evolution under informational asymmetry and market maker system of the OTC market, this paper can build the theoretical framework of the OTC market. Analysis on the theory shows:Firstly, building the OTC market can enhance the investor'choice and reduce the different opinion but also control and increase the anticipation profit. Secondly, the OTC market can be satisfied with the demanding of the enterprise financing in the different period, enhancing the choice of the enterprise financing, reducing the gap of financing and solving the problem of the small and medium businesses's financing. Thirdly, the OTC market can perfect enough the system of the risk exiting to accelerate the economy increasing.Additionally, the paper not only includes the OTC market in Chongqing city but also the whole OTC market is definition clearly, while the theoretical basis of the OTC market is set up. Based on the international experience, the paper constructs model to analyze the theoretical framework of the OTC market in Chongqing, function selected, system arranged and the process of building the OTC market in Chongqing, in order to provide advice for the quickly healthy development of the OTC market in Chongqing.