What unit is Tianjiao?

Tianjiao Exchange, namely Tianjin Stock Exchange, is a local and regional over-the-counter financial place that provides transactions for some companies that have not yet reached the listing qualification or unlisted joint-stock enterprises.

Brief introduction of Tianjiao Exchange:

Tianjin Stock Exchange, referred to as Tianjiao Exchange, is a company-based exchange established with the approval of Tianjin Municipal People's Government. In September 2008, it was registered in Tianjin Binhai New Area. In 2006, the State Council issued "Opinions on Promoting the Development and Opening-up of Binhai New Area", proposing "to encourage financial reform and innovation in Tianjin Binhai New Area; Major reforms in financial enterprises, financial services, financial markets, and financial openness can be arranged in Tianjin Binhai New Area in principle. " In 2008, the State Council further made it clear in the "Reply on the Overall Plan of Tianjin Binhai New Area Comprehensive Reform Experiment": "It is necessary to create conditions to establish a national unlisted public company equity trading market in Tianjin Binhai New Area".

Tianjin Stock Exchange, as an important platform for "creating conditions for the establishment of a national unlisted public company's equity trading market in Tianjin Binhai New Area", explores the establishment of direct financing channels for small and medium-sized enterprises and technology-growing enterprises by organizing equity financing and listing transactions of unlisted companies with the help of mature capital market growth experience, so as to promote unlisted companies to be familiar with capital market rules, improve corporate governance structure, enhance core competitiveness and achieve healthy and rapid growth; By establishing and perfecting the market-oriented incubation and screening mechanism, we will continuously cultivate and transport high-quality and mature listed reserve resources for the main board market, small and medium-sized board market, growth enterprise market and overseas capital market; Efforts to build a centralized and unified equity market of unlisted companies with investment value, vitality and high self-stability have become a necessary supplement and an important basic support for China's main board, small and medium-sized board and growth enterprise market.

Market structure of Tianjiao Exchange:

The Tianjiao Exchange has established a two-level progressive market structure under a unified system, including the national market and regional market for OTC transactions.

The first level is the national market of national enterprises and investors.

The second level is the regional market of enterprises and national investment institutions in the region.

Together, it constitutes the basic layer of the multi-level capital market system and realizes five unifications:

Unified enterprise access standards, unified trading rules, unified trading system, unified information disclosure, unified self-discipline supervision.

Finally, three satisfactions are realized: meeting the needs of many enterprises to enter the capital market, meeting the needs of local governments to actively develop regional capital markets, and meeting the needs of centralized and unified supervision by competent departments.