新三板实行做市商制度对挂牌公司合理估值、提高股票市场流动性、缓解信息不对称、维护股价相对稳定发挥了一定作用,但仍然存在监管权责边界模糊、制度不健全、信息披露不充分、做市商不成熟等问题,本文提出了进一步完善做市商制度的对策建议。 The implementation of market maker system in the new Third Board has played a certain role in the reasonable valuation of listed companies, improving liquidity in the stock market, alleviating information asymmetry and maintaining relatively stable stock prices. However, there are still some problems such as the fuzzy boundary of regulatory power, the imperfect system and the information disclosure Full market makers do not mature and other issues, this paper put forward countermeasures and suggestions to further improve the market maker system.