A Case Analysis On The Listing Of Transfered Board Of ConST Instrument Technology Inc

In the new stage of transformation and development,Chinese economy has entered a new normal state,the capital market has been given a new mission,and the new capital ecological environment is gradually forming.The healthy capital market should be multilevel to meet the needs of listed financing and resource allocation of enterprises of different sizes,types and cycles.Since the expansion of the national capacity in 2013,the new three board market has been developing rapidly,and the listed companies are showing an explosive growth.According to the statistics of relevant data in China,by the end of March 8,2018,the China Securities Regulatory Commission accepted 415 starting enterprises.Among them,27 have been examined by the SFC and 388 have not been examined.There are 369 enterprises in the enterprise which have not been examined normally,and 19 of the enterprises are terminated.In general,the IPO barrier lake problem has been relieved,but it is not so optimistic.Then,after the successful landing of the new three boards,with the expansion of the business scale,the enterprises will have stronger financing desire,and the enterprises themselves will find bigger financing platforms.The transition from new three boards to gem or main board market is an effective way,but this way puts forward higher requirements for the type,business status and market performance of enterprises.Mougeotia listing provides a new and effective way of financing for the development of enterprises.In order to make use of the enterprise to better transfer financing platform,the paper selects ConST Instrument Technology Inc,and the whole process of the plate and the performance after the transfer plate are analyzed in detail,in order to provide other enterprises to achieve the new three panel switch listed in reference.First of all,the paper introduces the background and significance of ConST's transfer board,research status,shortcomings,research ideas,methods,innovation and deficiency.Secondly,the paper introduces the basic concept,financial theory,and the classification and present situation of the new three board financing board.Thirdly,the paper summarizes the background of ConST's rotary board and the basic situation of the company,analyzes the realistic factors behind the board and the internal causes in the whole process.Finally,we summarize the cases,analyze the problems reflected,and put forward some suggestions for the existing problems of our new three board transfer machine,combined with the successful experience of the US capital market,and make a prospect for the following three new board transfer system.This paper argues that enterprises,which only constantly optimize the internal governance structure and improve management efficiency,can go through the transfer of the road;correspondingly,the relevant departments should gradually transfer three new board from theory to practice,regard hierarchical system reform as a priority among priorities,introduce differentiated arrangements management system as soon as possible,and implement differential disclosure requirements and supervision information on the different development stages of enterprises,so enterprises will retain quality.