两岸OTC市场合作的模式路径研究

发布时间：2018-05-20 05:41

本文选题：两岸 + OTC市场　；参考：《福建论坛(人文社会科学版)》2011年10期

【摘要】：OTC市场是构建两岸区域性金融中心的重要内容,对完善资本市场体系有着重大的意义。以两岸共建合作作为祖国大陆OTC市场建设的切入口,研究两岸OTC市场合作的基本框架,分析进场条件、服务内容和监管机制等OTC市场的三大要素,并设计两岸OTC市场合作的具体路径与措施。研究表明:两岸OTC市场合作可按三个层次来建设(产权交易所、兴柜交易市场、柜台买卖中心);进场条件可按分类标准执行以提高市场活力;实施"宽入严督、预先监管"的制度以控制风险。最后,研究指出两岸OTC市场具体合作路径可执行"两步走"战略:融资主体上先台资后陆资、转板上市上先台湾证交所后大陆证交所,投资主体上设立"合格的机构投资者"为主,长期则逐渐引入个人投资者。
[Abstract]:OTC market is the important content of constructing the cross-straits regional financial center, and has great significance to perfect the capital market system. Taking the cooperation between the two sides of the strait as the entry point for the construction of the OTC market in mainland China, this paper studies the basic framework of the cross-strait OTC market cooperation, and analyzes the three major elements of the OTC market, such as the entry conditions, the service content and the supervision mechanism. And design the specific path and measure of cross-straits OTC market cooperation. The research shows that cross-strait OTC market cooperation can be built according to three levels (property exchange, stock exchange market, over-the-counter trading center; entry conditions can be implemented according to the classification standard to improve market vitality; A system of pre-regulation to control risk. Finally, the study points out that the specific path of cooperation between the two sides of the OTC market can be implemented "two-step" strategy: the financing main body first Taiwan capital and then the mainland capital, the conversion board listed on the first Taiwan Stock Exchange after the mainland Stock Exchange. The establishment of "qualified institutional investors" on the main investment, long-term gradually introduced individual investors.
【作者单位】：厦门大学金融学院;
【基金】：2011年厦门社会基金重大项目“厦门开展两岸区域性金融服务中心建设的研究”(批准号:厦社科研20113号)的阶段性研究成果厦门大学基础创新科研基金“海西构建两岸资本市场服务中心研究——基于OTC资本市场体系为突破口”,项目编号:201122G009 中央高校基本科研业务费专项基金~~
【分类号】：F832.51

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