Research On The New Third Board Listing Recommendation Business Issues In AB Securities Company

On December 13th,2013,the State Council decisions on major issues concerning national SME share transfer system was released by the State Council,the joint-stock companies within the territory of China who are in conformity with the conditions can through the host brokerages list on the national stock transfer system of small and medium-sized enterprises.It means national-wide expansion of the new third board market and it also build a "green passage" for SME to enter the capital market in the form of financing,this,to some extent,solves the problem of financing.The new third board market is the important basic hierarchy of national multi-level market system,and the expansion also marks the golden time of the development of capital market.The number of SME which listing on the national stock transfer system is big,so it quickly becomes a hot topic in financial market,many brokerages seize the opportunity to open the new third broad business.The listing recommendation business is the foundation and the core part in the new third board business.Most proposed companies are unqualified with small scale,diseased internal control and accounting system,so the host brokerages should carefully rectify and reform the problem of SME then solve it in time to meet the listing requirements make SME list on the new third board more smooth.Compared with the developed provinces,the new third board market in B province exist such problems as slow growth rate,late start,but it also has advantages,such as a broader global market and government financial support.This dissertation,mainly focus on the AB Securities listing recommendation business and analyses the current situation to find the problems exist in the company,finally,give suggestion to improve the situation.Firstly,this paper will based on the literatures of scholars at home and abroad about mutiple level capital market,and over-the-counter market,this thesis combs and summarizes the relevant theories.Secondly,the article summarily looks back on the developing course and current situation of new third board market in our country.Thirdly,introduces AB Securities listing recommendation business current development,in order to find that this security company still has such problems in losing market share,contracted work is inefficient,the due diligence work lack independence.Finally,this paper analyzes the internal and external causes and puts forward some relevant recommendations,such as attaches great importance to the reserves of new third board project,increases the due diligence investigation method,it is hoped that AB Securities will continue to strengthen management,implement the relevant deploy of listing recommendation business,promote the development and growth of listing recommendation business,and make new contributions to the local economic and social development.