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New Third Board: Development Trend and Risk Management

Shusong Ba ()

Chapter Chapter 18 in The New Cycle and New Finance in China, 2022, pp 121-129 from Springer

Abstract: Abstract The government work report published at the fifth session of the 12th National People’s Congress held on March 5, 2017, stressed that: “We will deepen the reform of the multi-tiered capital market, improve the basic systems of the main board, actively develop the ChiNext stock market and the new third board, and see that regional equity markets develop in a well-regulated way.” The report juxtaposes the new third board and the ChiNext stock market and calls for its active development, which is directly related to the greater role of the new third board in the multi-tiered capital market. The national small and medium-sized enterprise share transfer system, also known as the new third board, originated in Zhongguancun Software Park of Beijing City in 2006, a park home to high-tech enterprises.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8209-4_18

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DOI: 10.1007/978-981-16-8209-4_18

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