为了解决我国中小企业融资难的问题,新三板不断扩容。因新三板具有区域性股权交易市场所不具备的优势,中小企业纷纷转向新三板,在两者之间造成了相互竞争的压力。本文从新三板与区域股权交易市场的特点出发,探讨两者之间的竞合关系,以促进我国资本融资市场的发展。 In order to solve the problem of financing difficulties for small and medium-sized enterprises in our country, the new three boards have been constantly expanding. Because the new board has the advantages not available in the regional equity market, SMEs have turned to the new board, creating a pressure of competition between the two. Based on the characteristics of the new board and the regional stock exchange market, this article discusses the competition and cooperation between the two parties in order to promote the development of the capital financing market in our country.