The Research On The Financial Normative Of The New Third Board's Business

This paper describes the development process of the New Third Board,by comparing domestic and foreign regulatory requirements of the OTC market,based on the restructuring needs of the financial discipline,analyzes how companies to deal with increasingly stringent regulatory environment,to meet the higher demands of investors before and after listing the New Third Board,on the basis of combination of risk management,proposes the New Third Board company's financial specification strategy.It discusses common financial discipline problems of X company to provide reference.for other company's financial specificationThe first chapter introduces the Chinese capital market structure and the development of the First Board,the Second Board,the GEM,the New Third Board market,and in this context,proposes the meaning and purpose of this study.The second chapter introduces the concepts and theories of corporate financial discipline,summarizes the characteristics of the New Third Board corporate financial discipline,and claryfies the theory of the property rights of economy,game theory,risk management theory to provide a theoretical basis for the financial normative analysis and countermeasures.The third chapter introduces the history and current status of the OTC market development in other countries and regions,and compares it with the construction of the New Third Board market in China,and summarizes the common characteristics of the foreign OTC markets,proposes hierarchical management,market maker system having positive significance for the development of the New Third Board,affirmed the reform measures of innovation to the New Third Board market development.In different OTC markets,financial regulations are certain required by regulators The fourth chapter analyzes the cause and effects the financial regulation problems of the New Third Board business,and takes X as an example to illustrate this.The financial normative analysis in this paragraph includes basic accounting problems' analysis,the analysis of financial control issues,the equity regulation analysis and others.Accounting standardized analysis includes money funds,the current accounts,inventory,fixed assets,short-term borrowings and other subjects;It mainly analyzes asset control,revenue control and invoice control issues in the respect of internal control;It also analyzes the regulatory issues of the independence and equity.These problems are the common financial regulatory issues before and after companies listing the New Third Board,if they are not handled properly,it will affect the the listing processes of a company and increase the cost of regulatory penalties,so businesses and various service agencies need to focus on this.Chapter five taking into account the New Third Board business' size and cost,based on brokerage enterprise financial supervision in practice,raises reasonable normative strategies for above problems.