Research On Motivation And Effect Of New Third Board Enterprises In Transferring

In the multi-level capital market system of our country,the new three board market is an important platform for the development of small and medium-sized enterprises,and the particularity of undertaking is also reflected in the overall structure of the securities market.At present,the number of new 3rd board companies far exceeds the total number of listed companies in Shanghai and Shenzhen.Some companies' financing needs have not been met in the new 3rd board market,and the better-developed high quality companies in the new 3rd board innovation layer have stronger demand for switchboards..However,at present,China's multi-level capital market lacks the relevant system construction of the transfer board,and the process of the transfer of the new three board companies is not smooth.In the current NEEQ market,although there are companies that have successfully transferred to the main board or the GEM board,the new board companies' path to the board,the reasons for the switch board,and the effect of the board switch are still worth studying.This article selects the "Turnstar" company that has successfully switched to this article as the analysis case.First of all,it outlines the background of the selected topic and the research status at home and abroad through the introduction,and introduces the structure of the article.Then,define the relevant concepts and introduce the theoretical basis used in the article.In addition,through the analysis of the status quo,the development status of the domestic new three-plate market is analyzed,and a series of studies are carried out around the transfer plate.Thirdly,through the case analysis method,we analyzed the case of Rotary's transfer and studied the motivations and effects of Tuostar's transfer.Finally,it explores the problems encountered by the new third-tier domestic companies in the process of transfer,and attempts to proposerationalized transfer proposals to contribute to the further improvement of the multi-level capital market system.In addition,through the analysis of the article,after the New Third Board was listed on the New Third Board,Topstar Company was faced with a bottleneck in its development due to insufficient production capacity and financing requirements,and after meeting the rigid requirements of financial indicators from the transfer board to the Growth Enterprise Board,Turning to the board's motivation,and after hard work,the financing situation has improved and brought about good development for the company.