Is the listing of the New Third Board listed?

The listed company of the New Third Board is not a listed company. A listed company refers to a joint stock limited company whose shares are listed and traded on the stock exchange, while the New Third Board is a national enterprise equity trading place independent of the Shanghai Stock Exchange and the Shenzhen Stock Exchange, not a trading place for listed companies.

1. The Beijing Stock Exchange issued the Measures for the Administration of Investor Suitability in Beijing Stock Exchange (Trial), which clarified that the threshold for individual investors to enter is 500,000 yuan of securities assets (note: the threshold for Growth Enterprise Market is 6,543,800 yuan, and that for science and technology innovation board is 500,000 yuan).

After the opening of the Beijing Stock Exchange, the entry threshold for individual investors is 500,000 yuan of daily securities assets in the 20 trading days before the opening of trading authority, and they have more than 2 years of securities investment experience.

Second, what is the New Third Board?

China's capital market can be roughly divided into four levels: one board, two boards, three boards and four boards. The first board refers to the main board market of Shanghai Stock Exchange and Shenzhen Stock Exchange; The second board includes the Growth Enterprise Market, and the newly established scientific and technological innovation board market can also be incorporated into the concept of the second board;

3. What is the stratification system of the New Third Board?

1. At present, the New Third Board has formed a three-level market structure of "basic layer-innovation layer-selected layer", which requires enterprises to gradually improve their financial status and publicity level, and gradually tighten their regulatory standards. At present, there are 66 listed companies in the selection layer, and there are 1250 listed companies in the innovation layer and the basic layer respectively. Enterprises at the basic level can apply to enter the innovation layer after meeting certain requirements. Companies that have been listed in the innovation layer for 12 months can apply for public offering and enter the selection layer. According to the new third board transfer system released last year, enterprises that have been in the selection layer for one year and meet the listing conditions can directly apply for transfer to the science and technology innovation board/growth enterprise market. Of course, listed companies that no longer meet the corresponding level conditions will also be "downgraded" in due course.

2. Trading methods of basic and innovative stocks The basic and innovative stocks are traded by market making or call auction trading. Where the shares are to be listed by market making or call auction trading, the company applying for listing shall convene a general meeting of shareholders to make a resolution and apply to the national share transfer company. The national share transfer company shall confirm the trading method of the shares of the company applying for listing when issuing the audit opinion of agreeing to listing. How do investors confirm the trading mode of basic stocks and innovative stocks? A listed company shall, in accordance with the requirements of the national share transfer company, disclose the trading method of its shares in the public transfer prospectus and the announcement of listing tips.

Four. What kind of entrustment declaration method is used for basic and innovative stocks? Investors who trade and make market transactions in the way of call auction can buy and sell basic and innovative stocks through the entrustment of the price limit board.