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众所周知OTC的存在为证券买卖以及相应的证券发行提供了交易市场平台,而OTC也是重要的资本市场构成要素。美国以及英国均有属于本国的OTC,如NASDAQ以及AIM等等。对于我国来讲已经具备成熟发展的OTC之一即为新三板(英文简称NEEQ)。本文基于此就NEEQ发展历程进行着手分析,之后对NEEQ在创投退出以及相应企业融资方面功能予以研究,最后探讨NEEQ未来发展建议。以期为后续关于NEEQ方面的研究提供理论上的参考依据。
It is well-known that the existence of OTC provides a trading market platform for securities trading and the corresponding securities issuance, and OTC is also an important capital market component. The United States and the United Kingdom have their own OTC, such as NASDAQ and AIM and so on. One of the OTCs that already have a mature development for our country is the New Third Board (NEEQ). Based on this, this article analyzes the development process of NEEQ, and then studies the function of NEEQ in VC exit and corresponding corporate financing. Finally, it discusses the future development of NEEQ. With a view to provide a theoretical basis for the follow-up research on NEEQ.