www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Beijing may host OTC market

Updated: 2012-05-08 09:11
By Chen Jia ( China Daily)

Beijing may host OTC market

Investors at a brokerage in Huaibei, Anhui province, on Monday. China plans to set up a nationwide over-the-counter board, which will be open to some individuals.?[Photo / China Daily] 


'Third board' to help cash-strapped smaller companies raise funds

China will allow small and medium-sized non-public companies to have their securities traded on a national over-the-counter market, with individuals allowed to invest, an official with the country's top securities regulator said on Monday.

For the nationwide OTC market, to be known as the "third board", the State Council will set up a uniform exchange platform as it aims to help cash-strapped businesses raise funds.

Yao Gang, vice-chairman of the China Securities Regulatory Commission, said at a meeting that there may be no specific profitability requirement for the OTC market, but companies should meet other requirements such as "regular and continuing operations".

Yao said that requirements for individual investors "will be relatively stricter" as OTC market investments carry higher risks than those involving listed companies. The requirements will involve investment experience and assets, but the specifics are still being studied, the CSRC said.

Many analysts said it is likely that the new exchange will launch in Beijing to balance China's "financial geography" between the north and south.

The national OTC market will be an expansion of Beijing's Zhongguancun pilot program, which started in 2006 as a trading platform for about 100 non-public, high-technology companies.

During the past year, transactions for the Zhongguancun program totaled less than 600 million yuan ($95.3 million), the regulator said. According to the CSRC, so far only 1.71 billion yuan has been raised via this platform.

It is time to promote a nationwide, uniformly regulated OTC market, which is an important component in a mature multi-level capital market that will serve the development of the industrial economy, said Chen Gongyan, chairman of the Securities Association of China.

"The OTC trading service business may become the next growth point of securities companies and (lead) financial sector innovation in the direction of international standards," Chen said.

So far, 115 companies have traded unlisted shares on the pilot "third board". Five have gone on to issue shares on the Shenzhen Stock Exchange.

"After transactions in the national OTC market, companies may develop and reach the standards for going public, and the relevant regulatory policies are under discussion," the CSRC vice-chairman said.

Securities companies are waiting for official details about the OTC market framework, and competition in this new business segment will be fierce, said a manager at Western Securities Co Ltd.

chenjia1@chinadaily.com.cn

 
8.03K
 
...
...
...
主站蜘蛛池模板: 欧美黑大粗硬毛片视频 | 亚洲精品xxx | 久久综合久久综合九色 | 中文字幕在线不卡 | 久久国产精品久久久久久 | 亚洲一区欧美二区 | 亚洲日本一区二区三区 | 超级碰碰碰视频视频在线视频 | 国产最爽的乱淫视频国语对 | 日韩欧美一区二区三区在线观看 | 欧美 亚洲 另类 自拍 在线 | 国产深夜福利视频网站在线观看 | 国产在线精品观看一区 | 在线观看 a国v | 91精品免费看 | 成人免费福利片在线观看 | 日韩精品一区二区三区免费视频 | www.自拍| 深夜福利视频在线观看免费播放 | 九九久久免费视频 | 久久视频免费在线观看 | 国产精品国三级国产aⅴ | 日本一级高清片免费 | 免费国产成人高清在线观看视频 | 久久久久久国产精品视频 | 精品一区二区三区亚洲 | 夜色成人性y | 久久免费看视频 | 91九色精品国产免费 | 一区二区三区网站在线免费线观看 | 网站午夜 | 欧美高清亚洲欧美一区h | 日本特黄特色大片免费看 | 日韩黄色一级片 | 99在线国产视频 | 中国一级毛片特级毛片 | 一级毛片在线免费观看 | 亚洲精品国产一区二区三区在 | 免费看又黄又爽又猛的网站 | 久久99精品热在线观看15 | 国产成人高清在线观看播放 |