Second Board Market- a strategic framework based on the perspective of.docVIP

 PAGE \* MERGEFORMAT 8 Second Board Market: a strategic framework based on the perspective of Abstract: As China’s capital market is a government-led model, its functional orientation and service recipients to have a strong administrative colors, and therefore the second board market in the domestic process of establishing well-developed capital markets, it is necessary to draw on international experience, but also closely China’s actual conditions, formulate realistic short-term goals and long-term goals, the establishment of multi-functional multi-choice has a strong liquidity of the second board market. To prevent risks, the second board market should be used step by step at different levels of development strategies. In the SME board, based on when conditions are ripe to re-introduce a full second board market. At the regional selection issues, from Shenzhen to the Yangtze River Delta, the Bohai Sea economic zone development, and gradually to the central and western science, technology, venture capital to promote the more developed regions. Keywords:: Second Board Market Risk Investment SME board 1 Introduction 1998 Democratic National Construction Association Central Committee’s “One proposal” after the release of the country launched the second board market, establishing a voice, but because of various reasons, the second board market in China has yet to release j, primarily in venture capital as the carrier of the second board market, periodic fluctuations. From March 2000 onwards, the global venture capital industry, once fell into recession, NASDAQ composite index close to 1,000 points in 2001 as the international economic downturn, the world’s second-board market, once the situation into a recession. Since 2003, the world’s major second board market indicators showed improvement after another venture capital has entered a new period of development. 2004 venture capital industry gradually picked up. According to the latest figure