股票场外交易市场的制度构建应遵循五项原则

Study on the Five Principles of Structuring Stock OTC Market System

在后创业板时代,应当构建股票场外交易市场制度体系以推动其迅速发展。本文认为,股票场外交易市场制度应当遵循法律定位的差异化、上柜企业的平民化、投资者的机构化、交易方式的创新化、监管制度的高效化这五项原则。

in the latter-GEM era, we should build system of the stock OTC market to make it develop rapidly. This article holds that stock OTC market system should be guided by five principles as follows： the differences in legal position, low standard of OTC listing companies, institutional investors, innovative ways of dealing and efficient regulatory system.