New Over-the-Counter Market Hierarchical Management Inquiry

Nowadays financing difficulties of small and medium-sized enterprise become the focus,the appearance of P2 P and equity-based crowd-funding show that the desire for the financing needs of small and medium-sized enterprises,but due to the imperfect system the P2 P and equity-based crowd-funding have a great risk,so the new over-the-counter market is so convenient for small and medium-sized enterprise to finance that it would be expected to help them.The new OTC is one of important part of the market system,it is the origin of investment,then how to develop the new over-the-counter market become an important issue.Just as the new over-the-counter market's threshold is low,it leads to be confused and lacks of liquidity.Reference the experience of the foreign capital market,the stratification system was introduced in2016,listed companies would be divided into basic layer and innovation layer to reduce the searching cost.It is very important to explore stratification system of new over-the-counter market in this background.Only by solving the problem of stratification system can the the new over-the-counter market step forward to become an important part of China's multi-level capital market and play its role better.Taking Jiangxi Shimei Pharmaceutical as an example to explore the stratification arragement.First of all,introducing the background of stratification arragement,namely the theory basis and necessity of the stratification arragement.And introducing the oversea market,the process and current situation of the development from several aspects.Secondly,introducing the situation of the pharmaceutical companies and the pharmaceutical industry's performance in two years of stratification.The reason why the company fail to enter innovation layer in the first time of stratification and the reason why the company is successful to enter it in second time,liquidity by stratification standard comparison,concluded that existing problems of the new over-the-counter market stratification system and its reason in the end.Finally,combining with situation of the new over-the-counter market stratification system and put forward the corresponding suggestion for the future.