Author(s)

Jieqiong Wang

Corresponding Author

Jieqiong Wang

Abstract

On June 27, 2016, the "new three board" officially implemented the internal hierarchical management, and the market was divided into the base layer and the innovation layer. The new three board is taking a separate exam and encouraging the market. However, the post-stratification market liquidity and valuation difficulties have not been improved, and many innovative layers of high-quality enterprises have the willingness to transfer board. Enterprise transfer board refers to transfer of the share manufacturing enterprise between the capital markets at different levels. The development of capital market depends on the flow of enterprises at all levels, which is conducive to optimizing the allocation of resources and satisfying the financing needs of enterprises at different stages of development.

Keywords

New three board, Transfer board, System.