X Securities' New Three Board Business Problem Research And Strategic Planning

In recent years,the new third board continues to expand,it has become a force that can not be ignored China’s capital market.As the market turnover continues to rise,the OTC market gradually has the shadow of the NASDAQ market.From the beginning of the establishment of the new board,it aims to bring an active capital operation platform for a large number of small and medium scale enterprises;For the low financial constraints,the relatively low convenient filing system listing audit,coupled with the domestic macro policy support,the new third board is widely favored by small and medium-sized enterprises.The attractive prospects shown by the new third board have put a large number of brokerages into this business competition.X securities companies rely on the professionalism of the business team,a wide range of channel resources,and accumulated reputation for years,in the new third board market basically stabilized the country’s top ten position.At the same time,the new third board of business competition has the change signs in the direction,the excessive dependence on the new third board listing to seize the business resources attracted a large number of problems,mainly reflected in:1)Personnel structure and incentive mechanism existence question 2)Business expenses,lack of support and guide listing model disadvantages 3)Lack of marketing ability in financial institutions,such as VC,PE 4)Lack of investment research services.So this competitive style will gradually fall in futureThrough the investigation of the existing problems,we have the following judgment on the future development of the industry:1)It should be emphasized in the new third board on the layout of the industrial chain,focusing on capital operation direction in the future;2)Recommended new third board listing only the industrial chain of the initial link,for subsequent capital operation into the business flow;3)The core competitiveness of the new board in future will gradually from the listing services to the downstream industry chain,including the market maker trading service support,on the value of services and support for the private placement,equity pledge,company mergers and acquisitions,and a series of capital operation support,in addition to the enterprise delivery to A shares of the main board is the focus of the future development direction of the supervision.Based on the X securities business advantages,established market position,and comprehensive consideration in the future direction of the development of the industry,as well as X securities own business characteristics,brand effect of the pursuit,we will propose according to the latest regulatory innovation policy,advantage and market function status of X securities,Play the comprehensive financial services capabilities,to create the new third board business reputation and practice characteristics of the brand effect,put forward the constructive business strategy to improve the way,it mainly embodied in the following aspects:1)the new board business to promote 2)New third board market positioning choice 3)The new third board business service extension 4)Support in research service of the new third board market 5)The new third board business charges system.