摘要
《首次公开发行股票并在创业板上市管理暂行办法》的出台,意味着我国股票场内多层次交易市场制度体系的构建基本完成。然而,在我国股票场内交易市场的发展取得巨大成就的同时,场外交易市场的发展却没有实质性进展,因而,在后创业板时代,应当构建股票场外交易市场制度体系以推动其迅速发展。本文认为,股票场外交易市场制度体系的构建应当遵循五项原则:法律定位的差异化、上柜企业的平民化、投资者的机构化、交易方式的创新化、监管制度的高效化。
The introduction of ＂Interim Provisions for Administration of IPO and listing on the GEM＂ means that the construction of China＇ s stock floor trading multi - level market system is basically completed. However, in China the development of the stock floor trading market has made great achievements in the meantime, the development of the stock OTC market makes no substantial progress. Therefore, in the latter - GEM era, we should build system of the stock OTC market to promote it to develop rapidly. This article holds that stock OTC market system should be guided by five principles as follows： the differences in legal position, and low the standard of OTC listing companies, institutional investors, and innovative ways of dealing and efficient regulatory system.
出处
《山西财政税务专科学校学报》
2009年第6期16-19,共4页
Journal of Shanxi Finance & Taxation College
基金
安徽省教育厅基金项目(2007sk119)
关键词
股票
场外交易市场
做市商
stock
over - the - counter market
market maker
