Risk Prevention in the Second Board Market

Author: Yang Xue
Publisher:
Publish Date: 2006-07-01
Features: This book adopts a combination of normative research and empirical analysis, as well as theory and practice, and conducts a systematic and comprehensive study on the risks and prevention measures associated with establishing a second-tier market in China through comparative analysis from multiple perspectives. The book first clarifies the emergence and development process of second-tier markets, the current state of second-tier markets abroad, their basic characteristics, types of risks, and related concepts, analyzing the significance of establishing a second-tier market in China. Subsequently, comparative studies are conducted on international second-tier markets, China's main board market and second-tier market, and the operational models of second-tier markets, further clarifying their status and role. The book draws on some fundamental risk analysis theories and methods and attempts to conduct a special study on the uniqueness of second-tier market risks. It begins with a step-by-step in-depth research and comparison of general financial market risks, stock market risks, and second-tier market risks, following the analytical approach of risk factors, risk events, and risk outcomes. Combined with the actual conditions of China's securities market, it reveals the risks of China's second-tier market and its potential main characteristics. By distinguishing between risk factors and risk variant factors and analyzing the normal or reasonable price characteristics, it proposes two indicators for analyzing risks in the securities market.