1. Unlisted enterprises have been established for one year.
2. The accumulated net profit in recent 12 months is not less than 3 million yuan.
3. The accumulated operating income in the recent 12 months is not less than 20 million yuan; Or the accumulated operating income in the last 24 months is not less than 20 million yuan, and the growth rate is not less than 30%.
4. The net assets are not less than 6,543,800,000 yuan, and the operating income in the last 654,38+02 months is not less than 5,000,000 yuan.
5. In the recent 12 months, the bank loan has reached more than10 million yuan, or the equity investment of the investment institution has reached more than10 million yuan.
The New Fourth Board, that is, the "regional equity trading market", is a private equity market that provides equity, bond transfer and financing services for enterprises in a specific region, an incubator for companies to standardize governance and enter the capital market, and also a trading place for equity transfer of joint-stock companies.
In order to promote the development of small and medium-sized enterprises and solve the problems of many small and medium-sized enterprises and difficult financing; There are too many social funds and it is difficult to invest, which is also the "two-plus dilemma". In 20 12, the central government allowed all localities to re-establish regional equity markets and study and promote off-exchange capital market experiments outside the Shanghai and Shenzhen stock exchanges.
The New Fourth Board has become one of the multi-level capital markets in China alongside the main board, the Growth Enterprise Market and the New Third Board.
Regional equity market is a place for non-public issuance of securities managed by local governments, a new organizational form and format of capital market serving small and micro enterprises, and an integral part of multi-level capital market system.
Four-plate positioning
Small and micro enterprise cultivation and standardization park;
Small and micro enterprise financing center;
A platform for local governments to support the comprehensive utilization of policies and funds of small and micro enterprises;
The expansion of intermediary service function in capital market.
Serve the vast number of growing and valuable small and medium-sized enterprises;
Solve the financing and restructuring needs of more basic enterprises;
Provide reserves for the main board market.
scope of business
Focus on debt financing, mergers and acquisitions, and gradually promote equity financing.
business model
Guided by intermediary services, actively play the role of intermediary services such as investment banks, match the individual needs of both investment and financing, design products, and innovate investment and financing models.
Development status:
China's regional equity trading markets mainly include Tianjin Equity Exchange, Chongqing Equity Transfer Center, Hunan Equity Exchange, Qilu Equity Custody Trading Center, Wuhan Equity Custody Trading Center, Shanghai Equity Custody Trading Center, Guangzhou Equity Exchange Center, Zhejiang Equity Exchange Center, Liaoning Equity Exchange Center, Qianhai Equity Exchange Center, Xinjiang Equity Exchange Center, Fujian Strait Equity Exchange Center, Jiangsu Equity Exchange Center, Beijing Equity Exchange Center, Hebei Equity Exchange Center, Gansu Equity Exchange Center and Shaanxi Equity Exchange Center. Some regions are accelerating the establishment of local regional equity trading markets.