Research Of The New Third Market Information Disclosure System In China

As national stock transfer system was confirmed by the state council as a national over-the-counter securities exchange, the new three board market from a regional equity transfer market expansion to the nation, the new three board market become an important part of the multi-level capital market in China. New three board market as an important platform of micro, small and medium enterprises to provide equity deals, broaden the micro, small and medium enterprises financing channels, for the growth and development of micro, small and medium enterprises in our country provides capital support. At the same time, because our country new three board market construction time is shorter, less experienced, is suitable for the new three board market and imperfect information disclosure regulations. As a result of the new three board market listing companies threshold is low, making the quality of listed companies is uneven, the investor's investment risk is quite high, to protect the interests of investors and maintain the healthy development of the new three board market, it is necessary to perfect each rules and regulations, especially the new three board and perfect for the construction of the information disclosure system is the top priority. Although issued shares transfer company information disclosure rules for the new three board provides guidance information disclosure system, but there is still a shortage of place, in view of the characteristics of the new three board market listed companies and information disclosure system of the standard system has not been fully established, the current information disclosure system in this paper, the new three board market is analyzed, and the existing shortcomings, puts forward perfect suggestion, in the hope of new three board market and improve the benefit for the construction of the information disclosure system. In this paper, the first chapter mainly through analyzing the situation of the new three board market information disclosure, in order to export its existing problems, as the ultimate consummates our country new three board market information disclosure system to provide guidance. The second chapter, through the comparative analysis of the growth enterprise market information disclosure system in China and the United States OTCBB market information disclosure and the similarities and differences between the new three board market information disclosure system, in order to our country the construction of the new three board market information disclosure system of prospective provide enlightenment and reference, the third chapter on the analysis of the new three board market information disclosure system existing problems, and draw lessons from Chinese and foreign related capital market information disclosure, on the basis of construction experience, puts forward suggestions of perfecting our country's new three board market information disclosure system.