1, the enterprise threshold is different.
The basic layer, innovation layer and selection layer have different requirements for listed companies, and the threshold of selection layer is the highest among the three levels. In addition, the regulatory authorities have stricter requirements on information disclosure and supervision and management of selected enterprises.
2. The trading mechanism is different.
Call auction trading is adopted for the basic layer and the innovation layer, with the basic layer matching once every hour, the innovation layer matching once every 10 minute, and the selected layer trading by continuous bidding.
3. Investors have different thresholds.
The basic layer, innovation layer and selection layer have different capital requirements for investors. At the basic level, investors' account assets are required to be no less than 2 million yuan in the first 10 trading days, at the innovation level, 150 yuan, and at the selected level,10 million yuan.
To sum up, the difference between the basic layer, innovation layer and selected layer of the New Third Board is still relatively large, and everyone needs to choose the right one to invest.
The National Small and Medium-sized Enterprise Share Transfer System (hereinafter referred to as "National Share Transfer System", commonly known as "New Third Board") is the third national securities exchange place after Shanghai Stock Exchange and Shenzhen Stock Exchange, and the first corporate securities exchange place in China. Its operating organization is National Small and Medium-sized Enterprise Share Transfer System Co., Ltd. (hereinafter referred to as "National Share Transfer Company").
The significance of the New Third Board is mainly aimed at companies, which will bring great benefits to enterprises and companies. The New Third Board is no longer limited to unlisted joint-stock companies in Zhongguancun Science Park, nor to unlisted joint-stock companies in Tianjin Binhai, Wuhan Donghu and Shanghai Zhangjiang, but a national equity trading platform for unlisted joint-stock companies, mainly for small and medium-sized enterprises. At the beginning of 20 19, it was reported that the document of CSRC's comprehensive support for the development of the new third board market will be issued soon, including institutional arrangements such as stratification.
20 13 12.30 the national share transfer system company announced 14 relevant supporting measures and formulated relevant rules for expanding the share transfer system to the whole country. The relevant person in charge of the New Third Board said that the institutional framework of the New Third Board is basically complete, and it will accept the listing applications of qualified enterprises nationwide from today.
With the further maturity and perfection of the market, the New Third Board will announce relevant rules and service guides one after another. For example, in terms of financing instruments, bonds and preferred shares will be launched in the future, and there will still be relevant trading rules around how bonds and preferred shares are issued and traded. Xie Geng, general manager of the National Stock Transfer System Company, said that 49 business systems that have been announced so far are in the trial operation stage. With the gradual deepening of the market, the New Third Board will improve the rules system according to the situation.
On the 24th, the National Stock Transfer System held a collective listing ceremony for the first batch of enterprises after the nationwide expansion of the New Third Board in Beijing. * * * 285 companies participated, including 266 companies including Zhongsou, which were officially listed today. So far, the number of entrepreneurs listed in the national share transfer system has reached 62 1.
According to the analysis of the New Third Board's fixed-income network, as of 10: 30 a.m., 84 of the 266 newly listed companies have made their first offer, among which Haige Logistics (430377) made its first transaction at 9: 30, with a transaction price of 16 yuan/share, with a turnover of 30,000 shares and a turnover of 480,000 yuan. All trading agents are Anxin Securities. TEDA New Materials (430372) offered the highest price of 23.72 yuan/share, and the first transaction was achieved on 23.72. The number of shares traded was 30,000, and the turnover reached 7 1. 1.6 million yuan. The buying and selling agents are all Hualin Securities.