Shanghai Equity Custody Trading Center opens soon or opens to individual investors (VC334)

Shanghai Equity Custody Exchange Center Co., Ltd. (hereinafter referred to as "Shanghai Equity Custody Exchange Center"), which focuses on serving small and medium-sized enterprises and high-tech enterprises in the Yangtze River Delta, has entered the final preparation stage. A few days ago, I learned from the briefing session of a new third board fund that the Shanghai Equity Custody Trading Center will open its business as soon as possible in January 2012.

It is also understood that Shanghai has recently issued several opinions on promoting the non-listed company equity custody trading market, and hopes to work together to promote the development of the Shanghai non-listed company equity trading market.

The Main Board, SME Board, ChiNext Board and the "New Third Board" are considered to be an integral part of China's multi-level capital market. Known as the "Shanghai version of the over-the-counter market (OTC)", the Shanghai Equity Custody Trading Center is positioned to provide comprehensive financial services such as equity custody, registration, transfer, settlement and settlement, agency dividends and corporate financing for unlisted stock companies. , Cultivate listing resources for multi-level capital markets, provide investors with equity trading venues and implement supervision, and provide a professional market platform for policy reference for relevant departments.

Open the countdown

According to the information on the official website of the Shanghai Equity Custody Exchange Center on December 5, the business rules and important texts such as share transfer rules, listing business rules, member management measures, etc. were basically finalized, and the trading system, settlement system, custodian registration system, agent trading system software development And commissioning have been completed.

According to the announcement issued by Shanghai Zhangjiang High-tech Park Development Co., Ltd. on December 19, Zhangjiang Hi-Tech increased the capital of Shanghai Equity Custody Trading Center by 11.9 million yuan. After the capital increase, the company's shareholding increased from the initial 20% to 23.25%. The registered capital of the Shanghai Equity Custody Exchange Center became 120 million yuan. After the capital increase, the shares held by Shanghai International Group Co., Ltd., Zhangjiang Hi-Tech, and Shanghai United Property Exchange were 16.75%, 60%, and 23.25%, respectively.

According to industrial and commercial data, Shanghai Equity Custody Trading Center Co., Ltd. was established on November 3, 2010, with a registered capital of 120 million yuan, mainly for the restructuring, custody, registration, transfer, settlement and settlement of unlisted stock company shares and limited liability company shares. Revenue and agency dividends and financing services.

It is understood that the main person in charge of the Shanghai Equity Custody Exchange Center has been selected. The general manager and party committee secretary are Zhang Yunfeng, the general manager of the Shenyin & Wanguo Agency's headquarter, and the chairman is the person in charge of Shanghai International Group, the largest shareholder.

According to public information, the Shanghai Equity Custody Trading Center has listed management department, transaction management department, settlement supervision department, risk management department and other departments, and is currently in the first stage of recruitment.

"Individual investors can also participate"

Industry insiders pointed out that the trading rules of the Shanghai Equity Custody Trading Center are simple and clear, which is conducive to improving the market's activity and liquidity.

According to reports, institutions participating in the equity trading of the Shanghai Equity Custody Trading Center are mainly divided into two types of members. One type is a recommender member. Banks, securities companies, and other large investment institutions can apply to become recommender members. They are mainly responsible for recommending the listing of non-listed companies and providing targeted capital increase services. The other type are intermediary members, including accounting firms, Intermediaries such as law firms.

A person in charge of a member institution said that unlike other non-listed companies' equity trading markets that are already in operation, participation in the Shanghai Equity Custody Trading Center is open to institutional investors and natural person shareholders of listed companies, as well as ordinary natural persons.

"As long as there are 500,000 yuan in financial assets and securities investment experience of more than two years, you can theoretically open an account to invest." The above-mentioned person in charge said.

According to reports, investors can publish the application for the purchase and sale of relevant non-listed company shares in the Shanghai Equity Custody Trading Center. If the purchase intention is reached, the transaction will be matched through the trading system. Limit of changes.

However, the aforementioned person in charge also emphasized that the threshold for individual investors seems to be not high, but in view of the very limited public information of non-listed companies, ordinary individual investors want to profit from it is not so simple. "Individual investors can also participate in this market by purchasing products from relevant institutional investors."

The first batch of 18 high-tech enterprises listed

A report from Shenyin & Wanguo stated that there were 18 high-tech enterprises listed in the Shanghai Equity Custody Exchange Center through the review, and the aforementioned briefing also revealed similar information. The briefing further stated that there are more than 30 high-tech enterprises under review, in addition to a number of high-tech enterprises that are under declaration.

"What we know is that the relevant departments hope that hundreds or even thousands of companies will be listed in the Shanghai Equity Custody Exchange Center every year. This off-market market serves as a platform for cultivating excellent listed companies, and the bottom of the pyramid can be very large."

"For reference, Beijing Zhongguancun has achieved more than 100 listed companies since 2006, and there are seven or eight transfers, that is, almost 5% to 10% of high-quality companies can achieve transfers."

"A model that can be used for reference comes from Taiwan, China. All listed companies in Taiwan must be listed on the off-market market. Only those companies that haven't happened in two years can be listed."

The Taiwan Securities Over-the-Counter Market (OTC) is also known as Taiwan's "second board market". It has been regarded as the "preparation market" for Taiwan's listed stocks due to its long-term commitment to assist the conversion of over-the-counter stocks into listed stocks.