Development Analysis Of China's Main Regional Equity Market

In recent years,the State has promoted the establishment of multilevel capital market actively and developed the OTC market vigorously.NEEQ(National Equities Exchange and Quotations)was set up in January 2013,which marks the national market entering the high-speed development stage.At the same time,as an important part of multilevel capital market system,the regional equity market plays an important role in promoting regional economic development,financing of SME(small and medium-sized enterprises),promoting corporate brand image and motivating employees of listed enterprises.As an important supplement,the regional equity market emerges in the whole country,exposing the development problems such as repetitive construction,homogeneity and inefficient operation.The regional equity market provides financial support for the service of small and medium-sized enterprises,which plays an important role in economic transformation and upgrading.This paper studies the development of China's major regional equity market through comparative analysis,literature analysis,factor analysis and other methods.Firstly,the status of development of regional equity markets is analyzed specifically,including the definition of regional equity markets,business development model as well as the comparison of the three new boards;secondly,through data collection and collation,we select 12 regional equity markets which are more representative and relatively perfect in China.We set up the index system from the size of the selected twelve regional equity markets,the level of profit,the scope of business and the competition etc.Next,to evaluate and analyze the 12 major regional equity market through the method of factor analysis,comparative analysis of the various regional equity markets from the horizontal;Finally,to analyse the existing regional equity market development challenges,and make recommendations on the construction of regional equity market for the above problems,in order to build a regional equity market in China.The innovation of this paper lies in the selection of 11 indicator construction systems for scale,performance,finance and competition in the regional equity market.The evaluation function of the regional equity market is obtained by factor analysis method,and the evaluation is considerable.The analysis based on the score rankings of the regional equity market and the original data leads to the conclusion that the development of the regional equity market in China is unbalanced and cannot play a complementary role in the capital market.Therefore,it is not only necessary for the government to pay more attention to it and improve the top-level design of the regional equity market.At the same time,each regional equity market should play a leading role,increase investment in regional equity market capital,and constantly optimize the system design.Mobilize the enthusiasm of relevant institutions and jointly promote the sustainable development of the regional equity market.