What does the New Third Board of listed companies mean?

The third board market originated from 200 1 "stock right agency transfer system", which was the first to undertake two-network companies and delisting companies, and was called "the third board". In 2006, the unlisted joint-stock companies in Zhongguancun Science Park entered the agency transfer system to transfer their shares, which was called the "New Third Board". With the gradual improvement of the New Third Board market, China will gradually form a multi-level capital market system including main board, growth enterprise market, OTC network and property rights market.

legal ground

Item (1) of Article 21 of the Business Rules of the National Small and Medium-sized Enterprise Share Transfer System (Trial) was established according to law and lasted for two years. If a limited liability company is converted into a joint stock limited company according to the original book net asset value, the duration can be calculated from the date of establishment of the limited liability company; (2) Its business is clear and it has the ability of continuous operation; (3) The corporate governance mechanism is sound and its operation is legal and standardized; (4) The equity is clear, and the issuance and transfer of shares are legal and compliant; (5) Sponsoring brokerage recommendation and continuous supervision; (6) Other conditions required by the National Share Transfer System Corporation.