Latest News:  


CSRC unveils first management method for OTC market

By Chen Jia (

08:26, February 05, 2013

The China Securities Regulatory Commission released the first management method for the newly launched national over-the-counter equity transfer system for non-listed small and medium-sized enterprises on the weekend.

The National Equities Exchange and Quotations Co Ltd, located in Beijing, is the operation management institution of the new trading platform, under the supervision of the CSRC.

Equity trading on the so-call "third board" can use a market-maker mechanism or come to a mutual agreement. It can also trade through a price bidding system, according to an official from the CSRC.

The number of stockholders in one non-listed small and medium-sized enterprises in the OTC market can be more than 200, he said.

Securities companies can provide business, including recommending qualified enterprises, to list on the OTC market, acting trading equities for investors and offer market-maker services under the new regulation.

"This will be the legal basis to transfer the previous regional off-exchange markets into a national unified system," the CSRC official said.

The national OTC market launch on Jan 16 in Beijing was based on the pilot programs set up in the Zhangjiang High-tech Industrial Development Zone in Shanghai, the East Lake High-Tech Development Zone in Wuhan, and Tianjin's Binhai High-Tech Industrial Development Area.

We recommend:

Wind power now No.3 energy resource

Blackberry maker changes name, unveils new phones

China caps first 3G nuclear plant

New Zealand moves to restore trust

Lenovo ready to challenge mobile industry leaders

Airbus has big hopes for big plane


Leave your comment0 comments

  1. Name


Selections for you

  1. Frigates conduct drill, patrol in S. China Sea

  2. Rare birds and wetlands protection

  3. Unforgettable moments you can’t miss in Feb.

  4. A long journey that will help all women

  5. Telecom ring scammers going to jail

  6. China's weekly story (2013.01.27-01.31)

  7. Funny animals! Adapt or die!

  8. Abu Dhabi's wedding show in full swing

  9. EU telecom demands raise tensions

  10. Ministry acts on dairy safety

Most Popular


  1. A long journey that will help all women
  2. An easier ride, but for some only
  3. U.S. further placates Europe while turning to Asia
  4. China's year of challenges
  5. Rice imports not a threat to food security
  6. Getting workers their wages on time
  7. Clean Your Plate Campaign
  8. On the Road to Recovery
  9. The Internet needs a safety net
  10. Pollution prompts concern

What’s happening in China

High-profile divorce saga ends

  1. Truck blast raises safety fears
  2. Ancient tradition, modern dilemma
  3. High-end outlet for wedding belles
  4. Railway tickets resellers busted
  5. Road traffic peaks ahead of Spring Festival