Stock Market Pfer Mode Finally Landed On The New Third Board.

< p > < span style= "font-size: 12px" > here the world's < a href= "//www.sjfzxm.com/" target= "_blank" > dress > /a > "target=" "" "" "" "" > "shoes" > hat net "Xiaobian" introduced by everyone is the new three board to make the market pfer, start the application today.

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< p > from concept to practice, the stock market making pfer mode finally landed on the new third board.

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< p > yesterday, the National SME share pfer system (hereinafter referred to as "share pfer system") issued the guidelines for the confirmation and change of the share pfer system of the small and medium enterprises' share pfer system (hereinafter referred to as the "guidelines").

At present, enterprises can choose agreement pfer or market pfer, and the bidding pfer will not be launched for the time being.

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< p > the relevant person in charge of the stock pfer system revealed that the way of market making pfer is expected to start in late August. At present, the stock pfer system is undergoing a simulation test.

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< p > however, according to the guideline, a listed company wishing to make a market pfer method may submit an application for stock pfer at the same time when submitting the application materials.

If a listed company wishes to make a market pfer, it may also apply to the stock pfer system.

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< p > enterprises in different auditing stages need to undergo different procedures.

Stock pfer system requirements, as of yesterday, the listing application materials have been received, but the stock pfer system has not yet issued a review of the application of listed companies, and its shares are going to adopt the way of making market pfer. It is necessary to perform the decision-making process of shareholders' meeting and submit the application for stock pfer according to the guidelines. If the application for making market pfer is not submitted before the issuance of the examination opinion by the stock pfer system, the pfer agreement shall be adopted when the stock pfer takes place. The listed company shall not have to perform the decision-making process of the shareholders' meeting, nor need to submit an application for stock pfer.

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< p > for the listed companies that have obtained the consent of the stock pfer system but have not yet listed, their shares will be pferred by agreement when they are listed.

If such enterprises want to adopt the market making method, they can apply for change after listing.

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The P > stock pfer system indicates that, from the practical point of view, in the process of "a href=" "//www.sjfzxm.com/news/index_c.asp" > stock < /a > pfer mode and application process, when the registered enterprise submits related applications to the stock pfer system, it is necessary to submit the application as the application material for the market business and the application of market making.

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< p > "from the perspective of protecting the trading rights of investors and market makers, the guidelines will minimize the suspension of shares. Only in one case, according to the relevant provisions of the stock pfer rules, we will make arrangements for the suspension of stock pfer: that is, when the market maker of listed company shares is less than 2, the stock will be suspended."

The stock pfer system indicates that the above suspension arrangements are made because of the competitive traditional market maker system.

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Since the expansion of the new three boards for more than half a year, the paction has not been active enough, and the equity pfer and financing pactions of listed companies appear "accidental". < p >

Therefore, the industry has great expectations for the upcoming market maker system.

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From the international experience, the main effect of the market maker system is reflected in three aspects: < p > share pfer system.

First, improve stock liquidity.

Through continuous bilateral quotations from market makers to ensure continuous market pactions, and in the organized market maker < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a >, the competitive quotations and stock promotion activities provided by multiple market makers are conducive to stimulating the interest of ordinary investors and attracting more investors to enter the market.

Two, under the market maker system, the quotations of market makers are continuous, and the spread of prices is also limited, which is conducive to price stability.

The three is to solve the problem of listed company stock pricing, improve financing efficiency and success rate.

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