“新三板”市场的形成、功能及其发展趋势

新三板原是作为非上市股份有限公司进入三板市场进行股份转让试点而设立的,然而后来却逐渐成为我国场外市场的一个重要组成部分。回顾新三板的发展历程,了解其功能及发展趋势,不仅有助于解决高科技中小企业融资难题,推动全国高科技产业更快发展,对于建设多层次资本市场也具有重要意义。

The Formation,Function and Development Trend of the ＂New Third Board＂

The ＂New Third Board＂ was initially set up as a pilot project for non-listed limited companies to have share transfers in the Third Market,but gradually it has become an important part of the over-the-counter market.Reviewing the development course of the New Third Board and having a full understanding of its function and development trend is not only beneficial to solving the financing difficulties of high-tech small and medium enterprises and promoting a rapid development in national high-tech industry but also greatly significant for building a multi-level capital market.