2. The requirements for individual account opening in the New Third Board are very high, and there is no price limit for listed stocks. Company performance is not the only requirement for listing, and even loss-making enterprises can go public. Mainly for financing small and medium-sized enterprises. Especially in some enterprises, there is no production, no products, no sales, only concepts. The investment risk is high.
3. The significance of the New Third Board is mainly aimed at companies, which will bring great benefits to enterprises and companies. At present, 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.
The difference between the listing of the new third board and the listing of the main board.
The national share transfer system for small and medium-sized enterprises (hereinafter referred to as the national share transfer system) is a national stock exchange approved by the State Council and established according to the Securities Law. It was officially registered in September 20 12, and it is the third national stock exchange after Shanghai Stock Exchange and Shenzhen Stock Exchange. The national share transfer system is the same as the stock exchange in the nature of the place and legal positioning, and both are important components of the multi-level capital market system.
It should be pointed out that "multi-level capital market" is a China concept, and there is no corresponding concept abroad, nor has it formed a set of multi-level capital market theory. This is because the multi-level capital market in western developed capital market countries is spontaneously formed, while the multi-level capital market in China is constructed. Therefore, the concept of "multi-level capital market system" is actually a theoretical supply for mandatory institutional changes, while "building multi-level capital market" clearly embodies the spirit of "constructive rationalism" in institutional innovation. In this sense, it is a very China concept.