The full name of the third board market is "agent share transfer system", which was officially opened on July 16, 20065438. At present, there are 6 1 stocks transferred by designated brokers in the third board market, including delisted stocks such as Narcissus, Jin Man and Zhonghao.
As a part of China's multi-level securities market system, the third board market provides a place for listed companies to continue to circulate after delisting, and on the other hand, it also solves the problem of corporate shares circulation of several companies left over from the history of the original STAQ and NET systems.
At present, there are 44 securities companies qualified to handle share transfer business, including CITIC Jiantou, Shen Yin Wanguo, Guotai Junan, Dapeng, Guo Xin, Liaoning, Minfa, Guangfa, Xingye, Yinhe, Haitong, China Everbright and China Merchants Securities.
According to the relevant regulations, the conditions for a securities company to engage in the share quotation transfer business of listed companies are: the net assets in the latest year are not less than 800 million yuan, the net capital is not less than 500 million yuan, and there are not less than 20 business departments with reasonable layout. This condition is not harsh. According to the financial data of 106 brokers published by China Securities Association, there are 85-90 brokers who meet the above standards.
What is the New Third Board?
The New Third Board is a national share transfer system for small and medium-sized enterprises and a trading platform for unlisted joint-stock companies in China, mainly for small and medium-sized enterprises. The first board market refers to the main board market and the second board market refers to the growth enterprise market. Compared with the first board market and the second board market, the OTC market is generally called the third board market.
What is A-share?
A-shares, that is, RMB ordinary shares, are ordinary shares issued by companies registered in China and listed in China and priced in RMB for domestic institutions, organizations or individuals (Hong Kong, Macao and Taiwan residents can open A-share accounts from April 13) to subscribe and trade in RMB. The English letter A has no practical significance, but is only used to distinguish ordinary RMB stocks from special RMB stocks.
A shares are not physical shares. Electronic recording, paperless, implementation of "T+ 1" delivery system, price limit (10%). The participating investors are Chinese mainland institutions or individuals. The stocks of listed companies in China include A shares, B shares, H shares, N shares and S shares.