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纵观世界各国,从80年代到90年代,为了扶持本国的中小企业和高科技企业发展,纷纷设立证券市场之外的第二板块市场。 世界最为引人注目和最为成功的是美国的那斯达克,除那斯达克之外,在亚洲,不少国家和地区都设有第二板市场。新加坡早在1987年就建立了新加坡自动报价股市(SESDAQ)。马来西亚在1988年成立了以小型公司为对象的吉隆坡证券交易所二板市场(KLSE的the second board),又于近期成立了主要以高科技公司为对象的马来西亚自动报价系统(MESDAQ)。此外,日本政府也于1983年分别在大阪、东京和名古屋建立了第二板市场,并于1991年正式成立日本自动报价系统(JASDAQ)。台湾十分重视以高科技产业为中心的产业结构调整,近年来台湾的柜台市场(OTC)很活跃。在台湾的OTC市场上,高科技公司占有40％的比重。值得注意的是,最近香港联交所推出了创业板市场,为我国赴境外上市又开辟了新渠道。欧洲各国借鉴NAS-DAQ的成功经验,也相继设立了一些为中小企业及高科技企业服务的资本市场,如欧盟的EASDAQ市场、英国的另项投资市场(AIM)、欧洲新市场(EURO.NM)。另外,欧洲等国在设立二板市场之初,曾经失败过,本系列也将详细介绍。 整个系列共分为四个部分,主要介绍世界上最为成功和出名的二板市场:第一部分介绍美国的二板市场;?
Looking at all countries in the world, from the 1980s to the 1990s, in order to support the development of their own small and medium-sized enterprises and high-tech enterprises, they have set up the second sector other than the securities market. The world’s most eye-catching and the most successful is the United States Nasdaq, in addition to NASDAQ, in Asia, many countries and regions have set up a second board market. Singapore established the Singapore Automated Quotation (SESDAQ) back in 1987. Malaysia established the second board of the KLSE for smaller companies in 1988 and recently established the Malaysian Automated Quotation System (MESDAQ), aiming primarily at high-tech companies. In addition, the Japanese government also established the second board market in Osaka, Tokyo and Nagoya in 1983 respectively and formally established the Japan Automatic Quote System (JASDAQ) in 1991. Taiwan attaches great importance to the industrial restructuring centered on high-tech industries. In recent years Taiwan’s OTC market has been very active. In the OTC market in Taiwan, high-tech companies account for 40% of the total. It is noteworthy that the Hong Kong Stock Exchange recently launched the GEM, opening up new channels for our country to go overseas. European countries draw lessons from the successful experience of NAS-DAQ, and have also set up some capital markets for small and medium-sized enterprises and high-tech enterprises in succession, such as the EASDAQ market in the EU, AIM in the UK, the new European market (EURO.NM ). In addition, Europe and other countries in the establishment of the second board market at the beginning, has failed, this series will also be introduced in detail. The whole series is divided into four parts, mainly introduces the second most successful and famous second board market in the world: The first part introduces the second board market in the United States;