New Sanbanxi two-way expansion may start in June individual investors hope to release

The scope of the pilot will be expanded in batches individual investors are expected to release sanbanxi companies need professional financing services-our correspondent Zhou Songlin industry estimates, the agency shares transfer system to expand the pilot work is expected to start in June, the pilot range will be extended to the National 56 High-tech Parks and Suzhou Industrial Park,　　The first batch of 10 or 20 parks may be included to provide richer listing resources for the Sanbanxi market.　　This expansion will be matched with the reform of the Sanbanxi market mechanism, such as allowing qualified individual investors to participate in Sanbanxi market transactions, introducing the system of doing business, and so on to change the current Sanbanxi market transactions are not active. Professionals believe that this two-way expansion is an effective way to change the Sanbanxi market is not active, and look forward to the Sanbanxi market can use this to establish a board system.　　However, some people in the industry to the Chinese securities News reporter that the market-making system may not be suitable for sanbanxi markets and domestic securities brokerage internal management status, Sanbanxi companies need is a professional financing services.　　Trade light status to be changed by the successful launch of the Gem and Sanbanxi company has the possibility of priority board to the gem listing speculation, last year since the Sanbanxi market, some of the stock price soared, but the deal is extremely light, the formation of boundless empty rise situation.　　At present, the "new Sanbanxi" market pattern was formed after the formal implementation of the pilot scheme for the transfer of quotations from the unlisted science and Technology Park in the stock transfer system of the securities Company in July 2009. "New Sanbanxi" changed the original "Old Board" inquiry, agreement to deal with the way, the use of pricing commissioned, point to select the transaction mode, to a certain extent, with the function of the matchmaking transaction. At the same time, the "New Sanbanxi" merged the Sanbanxi account with the Shenzhen account, greatly expanding the number of potential investors in the Sanbanxi market.　　In the settlement way, "new Sanbanxi" also made a substantial improvement, the introduction of a A-share of the third party deposit control system. In theory, these reforms have provided the necessary conditions for Sanbanxi market transactions to be active.　　But at the time, in order to ensure the successful launch of the gem, to prevent the Sanbanxi market may be a climate of excessive speculation, the "new Sanbanxi" also stipulates that only institutional investors to participate, in addition to the original has been held in the agency system investors can continue to buy and sell the varieties, not allow new individual investors　　A number of brokers to the Chinese securities News reporter that the management and market parties have reached a consensus, Sanbanxi market will be qualified individual investors to release the gate is no doubt. Another reason for the Sanbanxi market transactions is that trading varieties, especially those with relatively successful operations, are quite limited, most of the stock holders are original shareholders, entrepreneurial shareholders and long-term investment institutions, not the short-term difference, but the long-term high return even to the gem or motherboard listing opportunities, reluctant mentality serious,　　Easy to sell, resulting in a market for tradable transactions in small chips.　　According to Wanguo Securities Company statistics, in the Sanbanxi market, 97% of the transaction is bought and never sold. To change the situation of light trading, many brokers call on the threeMarket maker System. This is one of the most interesting aspects of this reform. But there are also professionals to the China Securities News reporter said that market makers need to buy and sell part of the stock, in view of the small size of the Sanbanxi company, the characteristics of large risk, is unlikely to meet the current internal risk control of the securities companies, and may be with the management of the brokerage wind control of the norms　　Compared to the provision of liquidity, sanbanxi companies now need professional financing services. The need for professional financing services according to statistics, last year, a total of 4 Sanbanxi companies were targeted to increase capital, raise funds 177 million yuan.　　Directed capital increase has a significant effect on the development of related companies.　　This year, more than 10 Sanbanxi companies plan to increase capital, plans to raise funds 174 million yuan. Wanguo Agency Share Transfer Headquarters general manager Yunfeng introduced, small and medium-sized Enterprises landing Sanbanxi Market mainly includes three aspects, one is to promote enterprises, expand visibility, trust. The vast majority of enterprises in the Sanbanxi after the listing, the volume of business has increased markedly. The second is financing demand, which is the most direct and clear demand for SMEs facing financing difficulties.　　Third, some of the shareholders have the transfer of withdrawal, the need to recover funds, but this part of the need is not very prominent. According to statistics, in the Sanbanxi 66 listed enterprises, 11 have realized the financing. Yunfeng that, because the enterprise scale is small, the uncertainty is big and the latent investor disperses the characteristic, wants to help the Sanbanxi Enterprise to realize the financing is not an easy matter, needs the strong professional ability and the professionalism, needs to establish the good prestige in the market and the specialized investment organization among,　　In order to establish a smooth channel between the specific enterprise and its matching investment funds. Yunfeng said that there are no lack of good growth in Sanbanxi enterprises, as long as access to market support, there is full hope to achieve the gem or the listing requirements of the SME board, to bring rich returns to investors.　　Wanguo recommended a total of 18 companies in the Sanbanxi listing, fully achieved the net asset growth, more than 90% of enterprises to achieve the turnover and net profit sustained growth. At present, the Sanbanxi market has 2 enterprises to realize the GEM Board and the main board listing, but go is the IPO process, is not a direct transfer board. The establishment of the mechanism of the transfer board is an important part of many market participants.　　The so-called rotary mechanism, that is, when the Sanbanxi enterprises have met the SME board, GEM listing standards and do not finance, you can directly to the board to the plate or gem listing. However, some experts pointed out that in the long run can be transferred to the gem or small and medium-sized companies can only be very few, Sanbanxi market if too narrowly pegged to the board listing, positioning themselves as the gem of the "incubator" will limit their own market base. Sourceph ">