论文部分内容阅读
拥有显著制度优势的新三板必将成为中国的“纳斯达克”。新三板也是中国PE机构千载难逢的重大机遇。本文认为,在今后几年,中国PE机构一定是“得新三板者得天下”。证券市场的核心价值在于实现社会资本高效流动,促进社会资源有效配置。在中国,新三板市场能最好地达到前述目标,将成为中国的“纳斯达克”。新三板不仅将催熟中国证券市场,也将在全球资本市场发展史上留下浓墨重彩的一笔。中国私募股权(PE)投资机构可望借助新三板实现全面进化升级,在投融资体系中发挥更加重要的作用。
The new board with significant institutional advantages will surely become China’s Nasdaq. The new third board is also a once in a lifetime opportunity for PE organizations in China. This paper argues that in the next few years, China PE institutions must be “get the new three-card world”. The core value of the stock market lies in the efficient flow of social capital and the effective allocation of social resources. In China, the new three board market can best achieve the aforementioned goal, will become China’s “Nasdaq.” The new board will not only mature China’s securities market, but also in the history of the development of the global capital market has left a thick ink. China’s private equity (PE) investment institutions are expected to achieve an all-round evolutionary upgrade with the help of the third board and play a more important role in the investment and financing system.