Please talk about what the New Third Board is in an easy-to-understand way. The more popular the better!

The full name of the New Third Board is the national share transfer system for small and medium-sized enterprises. It is a national stock exchange approved by the State Council, providing services for public share transfer, financing, mergers and acquisitions and other related businesses of unlisted joint-stock companies.

As an important part of China's multi-level capital market system, the establishment of the New Third Board market is an important measure to build China's OTC market and improve China's multi-level capital market system. National Small and Medium-sized Enterprise Share Transfer System Co., Ltd. is its management organization, which is directly affiliated to China Securities Regulatory Commission approved by the State Council.

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Benefits of the New Third Board:

(1) financial support: due to different regional policies, enterprises can enjoy subsidies from the park and the government.

(2) Financing convenience: After the listing of the New Third Board (listed company), private placement can be implemented to improve the company's credit rating and help enterprises to raise funds faster.

(3) Wealth appreciation: The stocks of the companies listed on the New Third Board and shareholders can circulate in the capital market at a higher price to realize asset appreciation.

(4) Share transfer: Shareholders' shares can be legally transferred to improve the liquidity of equity.

(5) Transfer to listing: Once the transfer mechanism is determined, the company can enjoy the "green channel" first.

(6) Company development: it is conducive to improving the company's capital structure and promoting the company's standardized development.

(7) Publicity effect: The brand of the New Third Board Company will enhance the visibility of the enterprise.

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