日本场外交易市场是日本股市的二板市场,其中以JASDAQ市场为典型代表,也称为店头市场、柜台交易市场,同时它还是风险性企业筹资的最大市场。本章通过对日本场外交易市场的发展演进过程进行回顾,梳理了日本场外交易市场关于入市、交易和监管等方面的制度建设经验;然后通过分析多层次的日本资本市场,理清了日本场外交易市场在资本市场中的定位;最后总结了日本场外交易市场的特点及其运行与发展特征。
<<Japanese OTC market is the second board market of Japanese stock market. As the typical representative,JASDAQ market is also the largest financing market for the venture business. This chapter firstly recalls the development of Japanese OTC market,the experience about distribution rules,trade rules,and regulation rules;and then point out the position of the OTC market in the Japanese capital market. Finally,this chapter also summarizes the characteristic of Japanese OTC market.
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