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三板市场是资本市场中的基础性层级,与场内证券市场相辅相成,相互补充,适应了不同市场主体多层次的需求。我国三板市场应当承担着为不符合主板、创业板上市条件的股份有限公司股权提供融资和流通渠道,为小额发行公司提供交易条件,为下市公司股票提供交易平台,为主板、创业板培育上市后备力量的功能。同时,围绕其功能定位,三板市场应利用现代电子网络技术,选择各地方柜台交易与全国联网交易相衔接的模式,合理布局以提高整体效率,保证市场健康快速发展。
The third board market is the basic level in the capital market. It complements and complements the on-market securities market and adapts to the multi-level demands of different market players. China’s third board market should bear the financing and circulation channels for stock companies that do not meet the requirements for the listing of the main board and the GEM, provide trading conditions for the small issuers, and provide a trading platform for the stocks of listed companies to cultivate the main board and the GEM Listed reserve forces function. At the same time, around its functional orientation, the third board market should utilize the modern electronic network technology to select the mode of convergence between the local counter transactions and the nationwide networked transactions, and rational distribution to enhance the overall efficiency and ensure the healthy and rapid development of the market.