Case Analysis On Turn Board Re-listing Of Sanjie Electric New Three Board

With the development of the New Three Board,more and more companies have chosen to list on the New Three Board.Due to the stringent listing conditions in the main board market and relatively loose new Three Board market,the SMEs listed in the New Three Board Market can issue stocks to quickly fill the funding gap.For enterprises with a dream of listing,the listing on the New Three Board has been better developed.After meeting the listing conditions of the exchange,more and more companies have chosen to switch to the market.It can be said that the New Three Board are listed on the Main Board and GEM convenient.Currently,IPO listing is the most common way for companies that have successfully switched to the new Three Board market.As of December 31,2016,there are already 12 New Three Board listing companies have been successfully transferred to the Main Board,SME board and GEM.Through the IPO transfer to listed companies,they can quickly raise funds in a short period of time,and the special status of the transfer will also win more investors attention for the company.However,the IPO road will not receive any preferential treatment because of its special status.On the contrary,it will bear higher costs and greater risks.The uncertainty factor is relatively large.This article takes Sanjie Electric's New Three Board re-listing as an example for analysis.This article researches and analyzes the significance of China's capital market in the transfer to the market by comprehensively applying the theory and practice of accounting,economics and other aspects,and then promotes the reform and development of China's capital market.This article starts with the background and significance of the topic and summarizes and combs the general environment and hot issues in China.According to the literature review,the research results in this field are studied and analyzed in depth.Secondly,it summarizes the current situation of China's transfer board and its cases.From a variety of perspectives,we further analyzed the motivation,conditions,and costs of Sanjie Electric Switch.Finally,the paper discussed the revelation of the case of re-listing of other SMEs by the case of Sanjie Electric Switch and put forward to the construction of capital market.