我国区域性股权交易市场建立及运作研究

发布时间：2018-01-19 21:33

本文关键词： 区域性股权交易市场创建过程运作机制保障措施　出处：《中国石油大学(华东)》2014年硕士论文　论文类型：学位论文

【摘要】：当前,我国多层次资本市场主要存在以场内市场为主,场外市场发展缓慢;以主板市场为主,低层次资本市场不健全等问题,中小企业难以从资本市场上获得直接融资。区域性股权交易市场作为“四板市场”,能够为市场所在地省级行政区域内的中小微企业提供股权、债券的转让和融资服务,最大限度的解决了中小企业融资难的问题,对于完善我国多层次资本市场体系,促进区域经济不断发展具有十分重要的现实意义。因此本文对我国区域性股权交易市场建立及运作进行研究。本文首先总结了区域性股权交易市场的概念、定位、作用及构建的目标,为我国区域性股权交易市场的分析与构建奠定了理论基础。其次,立足于我国区域性股权交易市场的现状,通过与发达国家和地区区域性股权市场的发展情况进行对比,指出我国区域性股权交易市场在发展过程中存在的问题。再次,以平台搭建、规则制定、要素培育、监管机制、衔接互通机制等方面为主要内容,形成我国区域性股权交易市场建立及运作的基本思路。以此为指导,选取经济金融市场比较发达但还未建立区域性股权交易市场的青岛市进行框架设计。最后,针对区域性股权交易市场在运作过程中可能会出现的一系列问题,从法律、政策、信用体系、监管、风险防范等五个方面提出了具体的保障措施。以期为我国部分省、市正在构建或者计划构建区域性股权交易市场提供有益的指导与借鉴。
[Abstract]:At present, China's multi-level capital market mainly exists in the field market, the over-the-counter market development is slow; It is difficult for small and medium-sized enterprises to obtain direct financing from the capital market because of the main board market and the low level capital market. The regional equity market is the "fourth board market". To be able to provide equity, bond transfer and financing services for small and medium-sized enterprises in the provincial administrative region of the market location, to maximize the solution to the financing difficulties of small and medium-sized enterprises. To perfect our country multi-level capital market system. It is of great practical significance to promote the continuous development of regional economy. Therefore, this paper studies the establishment and operation of regional equity trading market in China. Firstly, this paper summarizes the concept of regional equity trading market. Positioning, function and construction of the goal, for the analysis and construction of the regional equity market in China laid a theoretical foundation. Secondly, based on the status quo of the regional equity trading market in China. By comparing with the development of regional equity market in developed countries and regions, this paper points out the problems existing in the development of regional equity trading market in China. Thirdly, it builds the platform and formulates the rules. The main contents are the cultivation of elements, the supervision mechanism, the linking and interworking mechanism, etc., which form the basic train of thought for the establishment and operation of the regional stock exchange market in our country, and take this as the guidance. Select the economic and financial markets developed but have not yet established a regional equity trading market for the framework design. Finally, in view of the regional equity trading market in the operation process may appear a series of problems. From the law, policy, credit system, supervision, risk prevention and other five aspects of specific protection measures, with a view to some provinces in China. The city is building or planning to build a regional equity trading market to provide useful guidance and reference.
【学位授予单位】：中国石油大学(华东)
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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