Some Patience Is Needed For The Development Of The New Third Board And The Innovation Layer.

The number of new three board listed company reached 8208, but at the end of 2014 and the end of 2015, the number of new three Board companies was 1572 and 5129 respectively.

According to the speed of listing, there is not much suspense in the number of new three board listed company to break through the ten thousand mark at the end of this year.

The sharp increase in the number of listed company has witnessed the rapid development of the new three board market, which means that the new three board market has made contributions to support the development of small and medium enterprises.

However, this rapid development has also left a hidden danger to the new three board market.

For example, excessive pursuit of listed company number, but ignored the new three board market charm, and some of the new three board listed companies have withdrawn from the new three board market.

As of July 27th, the implementation of the new three boards was one month after the completion of the layering system. The new three board enterprises announced a total of 213 listed guidance schemes, of which 112 were innovative level enterprises, accounting for 11.75% of all innovative enterprises.

That is to say, although the new three board market has implemented the innovation layer system, it is still not enough to attract some excellent companies to "keep the roots".

Some excellent new three board listed company choose to go to the main board, small and medium board and gem IPO. This is the decision of enterprises and the rights of enterprises. There is no reason for the outside world to interfere more.

However, from the construction of the new three board market, this problem needs to be taken seriously.

The companies that apply for IPO listing are basically the best in the new three board market.

If such excellent companies choose to leave the new three board market, what will the new three board market attract?

What about it?

In the past less than three years, the new three board listed company can reach 8000 rapidly, which is inextricably linked to the low threshold of new three board listed company, including some companies with small scale and even performance loss can be listed on the new third board market.

In addition, information disclosure is not pparent, supervision is not strict, and there is a lack of corresponding investor protection measures. Under such circumstances, although the number of listed company has increased sharply, investors have not increased, stock trading is not active, and the new three board market is naturally lacking in attraction.

Lack of attractiveness to good companies makes investors less attractive.

Enterprises and investors are the two most important factors to support the healthy development of the new three board market.

The next development of the new three board market is necessary to raise the threshold of listed company and improve the new three board market in all directions.

In particular, we need to sum up the lessons of the development of the main board market, earnestly protect investor protection, and even try to launch a pilot system of collective action in the new three board market, so as to increase the attractiveness of the new three board market to investors and solve the problem of insufficient liquidity.

With the improvement of listed company quality and the lack of liquidity, the attraction of the new three board market is naturally generated. Especially the innovation layer, it is possible to build a quasi motherboard market in the new three board market, which will have strong attraction for listed company or investors.

The new three board listed company chooses IPO listing, which is the right of related companies.

But it is also necessary to remind these IPO companies not to focus their eyes on the high price earnings ratio of the main board companies and small and medium sized boards and GEM companies. Instead of focusing on the money, they should consider the IPO listing and what they can repay the investors.

Otherwise, if these companies choose IPO to go public, it is easy to increase risks to the main board or small board and gem market.

Of course, we need some patience for the development of the new three boards and the innovation layer.

After all, the market needs to undergo a process of first development and standardization.