The Research Of Switch Board System For The New Third Board Listed Companies

The development of the national economy cannot do without the prosperity of the capital market. The prosperity of the capital market, promote the circulation of capital in all walks of life between, thus laying a foundation for funding for the development of social economy. But to judge a country’s capital market is reaching maturity, the main criterion is whether the capital structure of the state to achieve multi-level, comprehensive requirements. In contrast to the capital market of our country, it formed relatively late, at present still in development period. And establish turn plate system can meet the different demand of enterprise financing, and can promote the establishment of a multi-level capital market."The new third board market refers to the original" Zhongguancun science and Technology Park unlisted Limited by Share Ltd in agency share transfer system of the pilot, but with the continuous development of the market, and capital has accumulated to form, unlisted Limited by Share Ltd.The new third board is no longer limited to pilot the equities trading platform, but began to appear in the non listed limited by Share Ltd in the country. The introduction of transfer board system can provide convenience for the new third board market directly to the main board second board market.Based on the comprehensive domestic outer plate system, combined with the current situation of the development of the third board market in our country is analyzed, the drawbacks of the third board market place development, and put forward the relevant suggestions to improve transfer board system, to protect the legitimate rights and interests of the main body of the market, promote and perfect the capital market multi-layer development.