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一个健康的证券市场必须是流动的 ,创业板市场良性发展的基础是要有一套保证市场流动性的交易机制。通过对做市商制度和创业板上市公司及投资者特殊性的研究 ,认为在我国创业板市场引入做市商制度不仅在增加市场流动性方面有着巨大的优越性 ,还可避免主板市场交易制度的一些弊端和起到提高交易效率、降低市场风险、维持价格稳定等作用。针对我国在现阶段引入做市商制度存在的一些障碍 ,在借鉴国外的成功经验并结合我国实际情况的基础上提出了改善外部环境、建立做市商制度方面的建议 ,并对具体的交易制度提出了几点构想。
A healthy securities market must be liquid. The healthy development of the GEM should be based on a trading mechanism that ensures market liquidity. Through the research of the market maker system and the particularity of GEM listed companies and investors, it is considered that the introduction of market maker system in the GEM market not only has great superiority in increasing market liquidity, but also can avoid the system of market transaction on the main board Some shortcomings and play the role of improving transaction efficiency, reducing market risk and maintaining price stability. In view of some obstacles existing in introducing the market-maker system in our country at present stage, we put forward suggestions on how to improve the external environment and establish a market-maker system based on the successful experience of other countries and the actual situation in our country. Proposed several ideas.