| 1. | Insurance funds are likely to be allowed to invest in qualified blue chip stocks on the overseas main board markets
保险资金或可投资境外主板市场的绩优蓝筹股。 |
| 2. | Growth enterprises market is different with the main board market from dealing system , emphasis of supervisement and other systems
我国创业板市场的目标是形成单一的评价体系、市场化的选择机制、全流通的股权结构、更加透明的信息披露。 |
| 3. | The sponsor system is an important legal system among the supervision and management systems in gesm , as well as an important characteristic of gesm that differs from the main board market
保荐人用波atij ） llqltm ； im14f ihmtx ’ ’中ig的法律制度，也是浪业板证券市场区别于土板市场吹馨刻轨往广。 |
| 4. | Generate enterprises market ( gem ) refers to the new capital market except main board market , which aims at providing medium and small sized enterprises and start - up enterprises with a channel to raise funds
创业板市场是指主板市场以外的专门为中小企业和高新技术企业提供筹资渠道的新型资本市场。近几年，我国对设立创业板市场一直处于探索之中，并开展了一系列卓有成效的工作。 |
| 5. | Otcbb refers to a capital market including legal relations of issuing and transacting those stocks which can not reach the standards of the main board market as well as the second board market and the legal relations of supervising market
三板市场是指市场主体对未能达到主板市场和二板市场要求的有价证券进行发行、交易和监管的法律关系的集合体，它基本上处于一个较为原始且松散的柜台交易状况。 |
| 6. | It would n ' t increase market efficiency if we introduce dealer system into china ' s second - board market at once because china ' s economy is transferring , so it is n ' t suitable to introduce dealer system into china ' s second - board market now . it should adopt the auction system in second - board market like in main board market
论证了在中国这样一个经济转型期内，在二板市场上引入做市商制度并不会增加市场效率，提出中国目前不适宜在二板市场上引入做市商制度，而应延续主板市场的竞价制度。 |
| 7. | Third : the goal pattern of chinese stock market development is to construct multi - layer stock market forth : the main idea of constructing chinese multi - layer stock market is : l . to construct chinese multi - layer stock market system , we should divide the stock market of our country into 4 layers of development frame according to the difference market entrance degree to enterprise stock , difference risk and mobility . they are the main board market , second board , modern otc and scattering counter market
四、中国多层次股票市场构建的设想是: 1 、中国多层次股票市场体系的构建，应按照企业股票上市交易门槛的高低、风险性的大小及流动性的强弱，把我国股票市场设计为四个层次的发展框架，即证券交易所市场、创业板市场、现干七场外交易市场和分散的柜台市场。 |
| 8. | In designing the listing rules of china ' s gesm , we should keep to the basic principles as follows : the listing standards should be relatively loose ; gesm should be a market in which stocks can mobile completely freely ; the minimum holding shares and the sale of shares of main stockholders must be limited ; gesm should relax the re - financing conditions such as allotment of shares ; and the acquisition and merger should be more active in gesm than in main board market
证券交易所上市制度涵盖上市标准、上市程序、上市终止、信息披露、上市收费等，其中挪准是上市制度的最重要内容。上市标准或称上市条件，是证券交易啊申请公司提出的各方面具体要求。在设计我国e灿颁m省市场u时，应符合以一：上市标准相对柳； b灿视沉溺低烟哇损闹：主要股东的刚闭制投量及出售股份有赚u ；严格涨一…公司的内部治理结构。 |
| 9. | Secondly , it analyses different deal systems of second - board markets in all countries and elicits : at present the mainstream of deal system in second - board markets is auction system , and most of the deal systems in second - board markets come from main board markets because it reduces the instauration costs and is convenient for brokers and investors to trade off
然后，对世界各国二板市场及其交易机制进行比较研究，得出：当前世界二板市场交易制度的主流是竞价制，且大部分二板市场的交易机制都是从主板市场那儿延续过来的，这样可降低二板市场的设立成本，便于经纪商和投资者迅速适应交易。 |
| 10. | Thus it is a comparatively original and loose otc market . otcbb , on one hand , is a prelude of the main board market as well as the second board market . on the other hand otcbb provides a route of retreat for those shares ousted from the main board and second board market
它是主板市场的踏板，为在主板市场、二板市场上市的股票提供学前教育，同时又给从主板市场和二板市场下课的股票提供退路，与我国目前的主板市场和以后推出的二板市场共同构成多层次、有进有退的资本市场体系。 |
