The main board and the small and medium-sized board are two different sectors of the Chinese stock market. They have certain differences in listing conditions, trading rules, investor thresholds, etc.
The main board market refers to the Shanghai Stock Exchange and Shenzhen Stock Exchange established in China. It is mainly aimed at large and mature companies. The listing conditions are relatively strict and have strict requirements on the company's financial status, operating performance, development prospects, etc. There are higher requirements. The small and medium-sized board market refers to the small and medium-sized enterprise board of the Shenzhen Stock Exchange established in China. It is mainly aimed at medium-sized mature companies. The listing conditions are relatively loose compared to the main board market, but it also has certain requirements for the company's financial status, operating performance, development prospects, etc. .
In terms of trading rules, the stock trading methods of the main board and the small and medium-sized board are basically the same, but there may be some differences in terms of price limits, trading hours, etc. In terms of investor thresholds, the investor threshold in the main board market is relatively high and requires certain investment experience and financial strength; while the investor threshold in the small and medium-sized board market is relatively low and is suitable for small and medium-sized investors to participate.
In general, both the main board and the small and medium-sized board are important parts of the Chinese stock market. They each have different characteristics and advantages. Investors can choose the sector that suits them based on their investment goals and risk preferences. Make an investment.
The main board and the small and medium-sized board are two different sectors in the Chinese securities market. There are some differences between motherboards and small and medium-sized boards. First of all, the main board refers to the market sector where listed companies with larger scale, higher market value, and stronger operating strength are concentrated for trading. Companies listed on the main board have higher entry barriers and need to meet certain financial indicators and market capitalization requirements. The small and medium-sized board refers to the market sector where companies with smaller scale, lower market value, and stronger growth potential are concentrated. The entry threshold for companies listed on the small and medium-sized board is relatively low, and more attention is paid to the company's growth potential. In addition, there are some differences between the main board and the small and medium-sized board in terms of trading rules, regulatory requirements and investor structures. Companies listed on the main board have stricter information disclosure requirements, greater supervision, and a more diversified investor structure. The information disclosure requirements of companies listed on the small and medium-sized board are relatively low, supervision is relatively weak, and the investor structure is more biased towards retail investors. In short, there are certain differences between the main board and the small and medium-sized board in terms of company size, entry thresholds, trading rules, regulatory requirements and investor structures.
Both the main board and the small and medium-sized board are one of the important trading sectors in China's securities market, but they differ in terms of issuance standards, trading rules, investment risks, and company size.
Generally speaking, listed companies are larger in scale, have stronger profitability, are leading companies with higher market value and more obvious industry leadership, and are suitable for listing on the main board; while small and medium-sized boards are suitable for smaller companies However, for emerging companies with strong growth potential, unique innovative capabilities or broad market prospects, their issuance standards are more flexible, but the investment risks are correspondingly higher. In short, choosing a trading sector that suits your risk preference for investment requires careful assessment of various factors such as the company's financial status and industry prospects.
The small and medium-sized board and the main board have different listing conditions, different trading systems, different requirements for investment entities, and different market shares of listed companies.
The circulation of the small and medium-sized board is less than 100 million, which is lower than that of the main board market. Moreover, the main board market has higher requirements for the issuer's business period, share capital, profitability, etc. than the small and medium-sized board. high. The listing conditions for the small and medium-sized boards and the main board are more stringent.
In terms of trading systems, the main board market call auction adopts a closed call auction, with only one opening call auction per day. The collective bidding in the small and medium-sized board market adopts an open collective bidding method, and there are two opening and closing times for the collective bidding every day.
Most of the companies listed on the main board are large traditional outstanding companies with high market share, large scale, strong stability and good profitability. Companies listed on the small and medium-sized board are mature listed companies that are smaller in scale, have a relatively low market share, and have relatively weak stability compared to the main board.
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