Case Analysis Of SGM Listed In The New OTC Market

In 2013, as an important part of the capital market, the New OTC Market widely expanded, and concerned by investors,, the brokers. By of the end of 20163, more than 6000 SMEs listed in the New OTC Market. Facing the high interest, listed companies qualification auditing, equity transaction and other issues become the focus of attention.So far, there are only six terms of rules to audit SMEs qualification provided the listed rules, which don’t offer a specific review of indicators and norms. Above all, re broker holds a greater right to audit and at the same time listed project will bring service fee income. Therefore, sponsored brokers play double roles. How to use both flexible standard and adhere to the bottom line becomes a big challenge Equity trading activity is not as expected, which makes finance still be problems. This reflects that the New OTC Market fails to fully play the function of the capital market.In August 2014, Shenyang General Magnetic Technology Co., Ltd. (hereinafter referred to as "SGM") listed in the New OTC Market. In application stage, SGM actively cooperate with the broker sponsored on pre-counseling. Although the New OTC Market continues to boom, but market trading volume and activity did not achieve initial expectations, which is faced the other listed companies. Listing brings both problems and benefits. In summary, we can see that SGM listing case has certain representativeness. In addition, I was in intern in SGM responsible for the New OTC Market, easy to provide first-hand data and know about the listed case. Therefore, this paper selects SGM, analyzing the New OTC Market listed case.This paper, whether for SMEs or brokers, shows important significance. It help SMEs understand the pros and cons of listed and listed qualifications requirement, and help enterprises make listing decision according to their actual situation. It help brokers clarify their audit importance role. It can not only reflect the existing problems from microly, but also conducive to the formation of a more healthy market environment.This paper is divided into five parts.The first part is the introduction. It focuses on the research background and significance, research content and methods, and points out the innovation and deficiency of this paper.The second part is the introduction case analysis. It mainly introduces SGM profile, internal and external environment of SGM before listed and analyses the reason of listed and the preparation before listed.The third part is the problems and solutions before and after SGM listed.It mainly describes the problems before and after listed and the solutions of them.The fourth part is the experience and inspiration. It elaborates the experience and inspiration of SGM listed case.