Because the national share transfer system company is a company system, there is a contractual relationship with listed companies, sponsoring brokers and investors, it can be concluded that the basis of self-discipline supervision of the national share transfer system company is contract. Because the national share transfer system company is a company system, there is a contractual relationship with listed companies, sponsoring brokers and investors, it can be concluded that the basis of self-discipline supervision of the national share transfer system company is contract. However, due to the legal authorization of the relevant provisions to the National Stock Transfer System Company, especially in the case that there is no contractual relationship between the National Stock Transfer System Company and relevant entities (such as law firms and accounting firms), the basis of self-discipline of the National Stock Transfer System Company is legal authorization.
Because the National Stock Transfer System Company is essentially a stock exchange (although it is not nominally called a "stock exchange"), its regulatory objects and means are almost the same as those of other stock exchanges.