【摘要】：新三板市場(chǎng)是我國(guó)資本市場(chǎng)的重要組成部分，是我國(guó)發(fā)展多層次資本市場(chǎng)、優(yōu)化資本市場(chǎng)功能的必要舉措。新三板市場(chǎng)既能為無(wú)法在主板、創(chuàng)業(yè)板上市的中小企業(yè)提供股份轉(zhuǎn)讓、增發(fā)融資的平臺(tái)，又能為中小企業(yè)提供輔導(dǎo)培育服務(wù)，促進(jìn)其優(yōu)化公司治理結(jié)構(gòu)、完善信息披露制度。同時(shí)，對(duì)于從主板、創(chuàng)業(yè)板退市的公司，新三板市場(chǎng)可以提供一個(gè)股份轉(zhuǎn)讓交易的場(chǎng)所。因此，新三板市場(chǎng)有著重要的存在價(jià)值與不可或缺的市場(chǎng)作用。但是，自新三板市場(chǎng)開(kāi)辦以來(lái)，市場(chǎng)交投冷清，極少有投資者愿意涉足該市場(chǎng)，導(dǎo)致場(chǎng)外交易市場(chǎng)功能無(wú)從發(fā)揮，多層次證券體系更是無(wú)從建立。探究其產(chǎn)生的原因，相關(guān)法律體系不健全已嚴(yán)重阻礙了新三板市場(chǎng)的健康有序發(fā)展。立法體系的不足限制了新三板市場(chǎng)的持續(xù)發(fā)展、交易制度的缺陷抑制了投資者的積極性、信息披露制度的不足導(dǎo)致市場(chǎng)操縱與欺詐問(wèn)題頻發(fā)、監(jiān)管機(jī)制的失位制約了市場(chǎng)功能的有效發(fā)揮等。 本文的研究目的在于對(duì)我國(guó)新三板市場(chǎng)現(xiàn)行法律問(wèn)題進(jìn)行分析并借鑒國(guó)外成熟資本市場(chǎng)經(jīng)驗(yàn)，，從而提出對(duì)我國(guó)新三板市場(chǎng)相關(guān)法律制度完善的建議。為實(shí)現(xiàn)該研究目的，本文主要從四大方面進(jìn)行研究：首先，對(duì)我國(guó)三板市場(chǎng)的產(chǎn)生及其發(fā)展進(jìn)行概括說(shuō)明，并界定其法律范疇。其次，試從我國(guó)新三板市場(chǎng)現(xiàn)行的法律制度進(jìn)行分析并指出其未完善之處。再次，通過(guò)對(duì)國(guó)外成熟資本市場(chǎng)的三板市場(chǎng)法律制度的分析，總結(jié)出值得我們借鑒的相關(guān)法律制度。最后，通過(guò)比較分析及理論論證提出完善我國(guó)新三板市場(chǎng)的相關(guān)法律制度的具體措施及相關(guān)建議。
[Abstract]:The new third board market is an important part of the capital market of our country. It is the necessary measure to develop the multi-level capital market and optimize the function of the capital market. The new third board market can not only provide a platform for share transfer and additional financing for small and medium-sized enterprises that cannot be listed on the main board and gem, but also provide guidance and nurturing services for small and medium-sized enterprises, promote the optimization of corporate governance structure and perfect the information disclosure system. At the same time, for companies delisting from the main board and gem, the new third board market can provide a place for share transfer transactions. Therefore, the new three-board market has an important value and indispensable market role. However, since the opening of the new market, few investors are willing to set foot in the market, which makes the function of the over-the-counter market impossible to play, and the multi-level securities system can not be established. To find out the reasons, the unsound legal system has seriously hindered the healthy and orderly development of the new three-board market. The deficiency of the legislative system restricts the sustainable development of the new third board market, the defects of the trading system restrain the enthusiasm of investors, and the deficiency of the information disclosure system leads to the frequent market manipulation and fraud. The loss of supervision mechanism restricts the effective exertion of market function and so on. The purpose of this paper is to analyze the current legal problems of the new third board market of our country and to draw lessons from the experience of foreign mature capital market, and then put forward some suggestions to perfect the relevant legal system of the new third board market of our country. In order to achieve the purpose of the research, this paper mainly studies from four aspects: first, the emergence and development of the third board market in China are explained and its legal scope is defined. Secondly, it analyzes the current legal system of the new three-board market and points out its imperfections. Thirdly, through the analysis of the legal system of the foreign mature capital market, we summarize the relevant legal system that we should learn from. Finally, through comparative analysis and theoretical argumentation, the author puts forward concrete measures and relevant suggestions to perfect the relevant legal system of the new third board market in China.
【學(xué)位授予單位】：華中科技大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：D922.294

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 過(guò)文俊;;臺(tái)灣柜臺(tái)市場(chǎng)的成長(zhǎng)與變革(下)[J];產(chǎn)權(quán)導(dǎo)刊;2006年03期

2 董瑞華;王U

本文編號(hào)：2154203