Research On The Legal System Requirements Of New Three Board Market Development In China

New Three Board is referred to provide a place for companies that can’t appear on the market to transfer shares. It ’ s another choice to financing.The "new third market" experienced the initial gentle development and current expansion.Now it’s on the track.Imperfect current legislation, lacking of legislation,low potency of regulations and lacking of supervision are exposed on the issue of investors suitability,trading system and turning board system.New Third Market needs to solve these legal issues for it’s long-term development.This article summarized current legislation’s defects of New Third Market by combing it,aim to provide steady for analyzing particular issues.The article spreads out analysis about specific issues.The method of this article to solve these specific issues is by analyzing particular issues,learning from countries that have developed OTC market and combining specific circumstances of our countries’ stock market topropose solutions.We cannot solve requirement of New Third Market for legal system in short time,but we can do some efforts by making laws,improving current regulations and some other measures like these to solve it.