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在建立我国二板市场的讨论中 ,关于借鉴纳斯达克市场 ,采用做市商制度的呼声正日益高涨。在中国将要推出的“按新体制运行”的二板市场微观结构设计中 ,是否引入做市商制度 ?针对国情 ,当前我国应大力培育和发展柜台市场 ,建立多层次的资本市场体系 ;应制定有利于做市商制度实施的规则、法律条款及其监督落实的一系列制度 ,提高二板市场的效率。
In discussing the establishment of the second-board market in our country, voices concerning the adoption of a market-maker system are drawing increasing calls for reference to the Nasdaq market. In the microstructure design of the second board market to be launched in China under the new system operation, does it introduce a market maker system? In response to China’s national conditions, at present, China should vigorously nurture and develop the counter market and establish a multi-level capital market system. The rules and legal provisions conducive to the implementation of the market maker system as well as a series of systems under their supervision will improve the efficiency of the second board market.