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中国的新三板市场是创新型的证券交易市场,引入传统做市商制度对健全和推动我国证券业的发展具有重大意义。参考美国纳斯达克市场、英国伦敦证券交易所、台湾兴柜市场的交易机制和监管经验对中国建设合理、高效、先进的代办股份转让市场具有极高的借鉴意义。传统做市商制度对于中国证券市场而言是一个新鲜事物,完备的信息披露制度和市场监管制度是新三板市场建设成功的关键。
China’s New Third Board Market is an innovative securities exchange market. The introduction of the traditional market maker system is of great significance to the improvement and promotion of the development of China’s securities industry. Reference to the NASDAQ market in the United States, the London Stock Exchange in the United Kingdom, the trading system and regulatory experience in Taiwan’s emerging cabinets market have a very high reference for China to build a rational, efficient and advanced proxy stock transfer market. The traditional market maker system is a new thing for China’s securities market. The complete information disclosure system and market supervision system are the keys to the success of the new third board market.