(1) Implement layered rules to promote the construction of a multi-layered capital market. Stratification is conducive to selecting the best among the best, and differentiated stratification gives investors better guidance. Implement internal stratification. At this stage, it will be divided into basic layer and innovation layer, and the hierarchical system will be gradually improved in the future. Further activate the market through different stratification orientations, differentiated stratification is conducive to the survival of the fittest, and gives good enterprises a promotion mechanism.
(2) The detailed rules clarify three standards to increase the flexibility of the listing threshold. Standard 1: Net profit ≥ 20 million ROE ≥ 10% Number of shareholders ≥ 200 (in the last three months); Standard 2: Operating income growth rate ≥ 50% Average revenue in the past two years ≥ 40 million Equity capital ≥ 20 million yuan; Standard 3 : Average daily market value in the past 3 months ≥ 600 million yuan, shareholders’ equity ≥ 50 million yuan, and ≥ 6 market makers. The three-tier standard enriches the innovation layer entities in various aspects such as profitability, market value and operation, and is conducive to the improvement and maturity of the New Third Board system.
(3) Hierarchical standards provide a flexible mechanism for market entry and exit. The detailed rules will be officially implemented in May 2016, setting aside a certain time window for listed companies to optimize the company's financial and operational systems. Compared with the GEM's two-year cumulative net profit of not less than 10 million, the innovation layer's market positioning as an independent entity appears to be higher. It has fully connected the transfer of the New OTC Market Standard and also contributed high quality to the GEM. Target pool.
(4) Investment strategy: Pay attention to securities firms with early layout in the New OTC Market, strong investment, strong market making capabilities, and flexible mechanisms: Soochow, Guangfa, Everbright, Changjiang, Investment promotion, industrial development; equity investment company Luxin Venture Capital and park-type companies.