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今年6月在乌鲁木齐举办的“2000年中国西部企业融资实务高级研讨会”上,中国证监会首席顾问梁定邦说:“去年以来,以发行制度改革完善为主要内容,中国证券市场化进程大大加快,发行主体、中介水平、监管水平都在不断提高,二板市场的推出与证券市场的市场化进程紧密相关,出台是水到渠成的事。”二板市场揭秘第二板市场,又称为创业板市场或科技板市场(如今国内正式定名为“第二交易系统”),它是一个区别于传统的证券交易所主板市场的新兴的证券交易市场。其目的在于为新兴的、高增长性的中小企业和高科技企业提供直接融资的渠道和市场,以支持和推动新兴的高科技企业的迅速成长;其目标是满足各种不同种类、不同规模、不同发展阶段的上述公司的上市筹资要求。与传统的证券交易市场相比其特点主要表现在二板市场的定位与功能。二板市场专门面向新兴的、高增长性的中小企业和高科技企业的独立资本市场,是与传统主板市场相对应和补充的机构。其功能包括传统证券市场的提供融资服务、优化资源配置、发现企业价值功
In June this year, held in Urumqi “2000 Western China Enterprise Financing Advanced Seminar ”, China Securities Regulatory Commission chief adviser Liangding Bang said: “Since last year, the reform of the issuance system as the main content of the process of China’s securities market-oriented Greatly accelerating the issuer, intermediary level, the regulatory level are constantly improving, the introduction of the second board market and the market process of the securities market is closely related to the promulgation of the matter is ripe. ”The second board market reveals the second board market, also known as For the GEM or technology board market (now officially called the “second trading system”), it is a different from the traditional stock exchange board market, the emerging stock exchange market. Its purpose is to provide emerging and highly-growth SMEs and high-tech enterprises with direct financing channels and markets to support and promote the rapid growth of emerging high-tech enterprises. Its goal is to meet the needs of various kinds, sizes, The different stages of development of the company listed on the financing requirements. Compared with the traditional securities market, its characteristics are mainly reflected in the second board market positioning and function. The Second Board Market An independent capital market for emerging and highly-growth SMEs and high-tech companies. It is an organization that corresponds to and complements the traditional mainboard market. Its functions include the provision of financing services in the traditional securities market, optimization of resource allocation and discovery of enterprise value