A Preliminary Study On The Construction Of A Negative List Management System For Foreign-funded New Third Board Listings

New Three Board is a national securities trading place established by the State Council to provide non listed public companies with such services as stock transfer,stock issuance and asset restructuring.New Three Board market is located in the service innovation type,the entrepreneurial type and the growth small and medium-sized micro enterprise,is our country multi-level capital market’s important component.The rapid development of China’s New Three Board has made great contribution to the growth of small and medium-sized enterprises,the national share transfer system of the business rules prepared outside the industry attention.As China continues to expand its opening to the outside world and make deep use of foreign investment,it is even more important to sort out and construct the new three board access examination system for foreign investment.In order to make the benefit of foreign invested enterprises financing function better and cultivate the new third market,the negative list management system from the perspective of the new board of foreign investment enterprises listed on the review to analyze and discuss.This paper first expounded the new third market position in the multi-level capital market in China and its positioning,business rules and business listing by combing the new third market on the basis of legal regulations and the national share transfer system questions,combined with the feasibility and obstacles of foreign-funded enterprises law laws and regulations related to the management of foreign investment subject listed on the new board the in-depth analysis.On this basis,based on the domestic and foreign enterprises to reconcile the conflicts in the application of the law,the establishment of foreign-invested enterprises and change matters from the approval system to record system transformation as the background,the negative list management model as a foothold in the main business,registered capital,equity structure and sustainable operation ability,listing the negative list management access system for foreign capital construction put forward my own ideas.