New Third Board Encyclopedia Express-What is the expansion of the New Third Board?

New Third Board Encyclopedia Express-What is the expansion of the New Third Board?


"New Third Board Expansion"It refers to"New Third Board"--The expansion of the pilot park scope of the Zhongguancun Science and Technology Park's non listed limited liability company agency share quotation transfer system and the increase in the number of sponsoring securities firms for the agency system.


The expansion of the New Third Board will expand the scope to other national high-tech parks that meet the conditions, based on the pilot project of the original Zhongguancun Science and Technology Park; In terms of trading system, synchronous introduction of market maker system will be implemented; Individual investors who meet the requirements for investor suitability management in the New Third Board market are eligible to participate in quotation transfer transactions in the New Third Board market.

Investment threshold:

National Equities Transfer System for Small and Medium Enterprises(Commonly known as the New Third Board)Business rules(Trial implementation)And related supporting documents recently released,It clarifies the threshold for investors,The funding threshold for institutional investors is500RMB 10000,Individual investors need to meet"Market value of securities assets30010000 yuan"。
The above document is issued by National Equities Exchange and Quotations Co., Ltd.in addition,Individual investors need to have at least two years of experience in securities investment;The rules also mention that,No financial indicators set for enterprise listing,The application for listing of a company is not limited by the nature of shareholder ownership,Not limited to high-tech enterprises.
Collective trust plans, securities investment funds, bank wealth management products, securities company asset management plans,And financial products or assets managed by financial institutions or other institutions recognized by relevant regulatory authorities,You can apply to participate in the public transfer of stocks of listed companies.
In terms of trading system,On the basis of retaining the transfer method of the agreement, the New Third Board,Parallel implementation of competitive traditional market maker system,Simultaneously providing collection bidding transfer services,To improve market trading functions,Reasonable for small and medium-sized enterprises"fixed price"。

Target of capital increase
Targeted capital increase targets
（1） After the targeted capital increase on the New Third Board, the cumulative number of shareholders shall not exceed 200;
（2） The number of newly added shareholders for targeted capital increase on the New Third Board shall not exceed twenty;
（3） The new shareholders for targeted capital increase on the New Third Board are institutional investors, while natural person shareholders should be the company's management, core technical personnel, or other employees;
（4）Targeted capital increase on the New Third Board If a listed company belongs to a special industry, its shareholder qualification should be approved in advance by relevant departments.
（5） Companies listed on the New Third Board for targeted capital increase should increase their number of shares through targeted capital increase30%The shares shall be allocated to the registered shareholders on the equity registration date with priority. the rest70%Targeted capital increase of shares to institutional investors. Registered shareholders who waive the priority allocation of shares may first make targeted capital increases to the company's management, core technical personnel, or other employees. The registered shareholders who give up the priority allocation of shares and have not fully subscribed after being subscribed by the company's management personnel, core technical personnel, or other employees shall be included in the targeted capital increase to institutional investors.