Research On The Legal Regulation Of The New Three Board Market Makers

NEEQ is a new and important capital market of the multi-level capital market of China, it plays an important role in the OTC market, the NEEQ's expansion across the country by the end of 2013, gradually become a new battlefield of capital chasing. At the beginning of the NEEQ development, listed companies are high-tech enterprises, the information disclosure system is not perfect, with low market awareness, poor trading, investors don't understand, can't decide to invest. NEEQ on August 25, 2014, the introduction of market maker system, it has played a significant role in the active market, the price discovery and market stabilization, but market makers proprietary operating and malicious embodiment "hit a dish", it includes many facts, such as public questioning.NEEQ poor liquidity, trading calmness, and multiple, high barriers to entry, exit and investors lack, lack of the original shareholders will transfer, information asymmetry, market makers of legal regulations are not perfect and so on many factors. Market-making system as the core link in the NEEQ trading system, its operation quality is directly related to the healthy development of the whole NEEQ to be reckoned with. This article only chooses NEEQ market makers as the research object, from the existing cases and data statistics as the breakthrough point, to find NEEQ market maker system in the operation of the existing problems, and to basic theory, the NEEQ market makers market-maker system present situation, the domestic and international mature market maker system model as the research basis, so as to put forward the NEEQ market makers laws regulating perfect recommendations.