The Study Of Legal System Of Company In The NEEQ Transfer To The Market

The author writes the thesis according to the experience in practice. In the half-a-year’s internship, the author was mainly engaged in the NEEQ(Department of National SME transfer of shares, hereinafter referred to as the "National shares transfer system" or the "new three board") operations, witnessed NEEQ hot and learned only in 2015 there were thousands of companies listed NEEQ. But with NEEQ expansion, there also raises the question- NEEQ can only enter the market without the corresponding mechanism for rotation plate, which easily led to the "indigestion” of new three-panel market. On the other hand, in the markets of foreign countries or regions, the respective capital market segment can flow to each other, which can be carried out there. But in our NEEQ and the motherboard market, the GEM market mechanisms are not interconnected, the case practice of the transit board is less and less. Thus, the author writes the paper about the listed companies’(hereinafter referred to as "listed companies") upgrading to a higher level of capital market research theme.The legal system that NEEQ listed companies switch to board listed(hereinafter referred to as "Transfer of Listing System") refers to the national share transfer system listed companies to meet certain conditions when the conditions can be made directly to the stock exchange listing application by the Exchange approved the listing. Transfer of Listing of the new system is designed to link the three board market and the Shanghai and Shenzhen stock market, improve the construction of multi-level capital market, is in a different period, the company offers a suitable platform for financing.This paper is divided into four parts. The first part is to ask questions, using Shuang Jie electricality, AnKong technology and HeZong Technology Transfer of Listing cases as the entry point to explain China is now NEEQ listed companies listed on the difficult road, pointing out China’s capital transfer of listing absence of market system. The second part mentioned the theme: NEEQ listed companies to switch board listing the legal system overview, discusses the definition, characteristics and value Transfer of Listing system, indicating rotation plate listing system will help break the NEEQ and other high-level segment estrangement state status. The third part is the analysis of the problem. Firstly, the author pointed out that the reasons which constitute an obstacle to the implementation of the new three-panel switch board listing the legal system, how to analyze the reasons for the formation of the current law and an obstacle to research. The Transfer of Listing regime imposed barriers are threefold: Firstly, for companies listed on the GEM board or landed Commission still needs to review public offering of its stock; the second is the stock exchange cannot really enjoy the right to audit listed; Thirdly, transfer of listing Rules for the implementation of the system is still blank. The fourth part is to solve the problem, the author analyzed the problem, including public offerings of shares of listed companies to analyze the implementation of stock exchange listed companies the right to audit listed set listed companies listed on the transfer of specific conditions.