What does it mean to introduce a market maker mechanism to the Science and Technology Innovation Board? Which securities firms can serve as market makers on the Science and Technology Innovation Board

What does it mean to introduce a market maker mechanism to the Science and Technology Innovation Board? Which securities firms can serve as market makers on the Science and Technology Innovation Board? Market makers have the responsibility to participate in market making to stabilize the market when stock prices rise and fall sharply. So what does it mean to introduce a market maker mechanism to the Science and Technology Innovation Board? Which securities firms can serve as market makers on the Science and Technology Innovation Board? We have prepared relevant content for everyone, if you are interested, come and take a look!

What does it mean to introduce a market maker mechanism to the Science and Technology Innovation Board? Generally speaking, market makers refer to the intermediaries of stock prices (independent securities operating legal persons with certain strength and credibility), and the introduction of the market maker mechanism on the Science and Technology Innovation Board refers to the introduction of the intermediary mechanism on the Science and Technology Innovation Board. The company's evaluation quotes the buying and selling prices of the stock to public investors, and then the middlemen make profits from the difference between the buying and selling prices. It is also worth noting that market makers need to be strong. Market makers make money by compensating the cost of services provided by the appropriate difference between buying and selling quotations, which requires certain professional knowledge and strength.

Which securities firms can be market makers on the Science and Technology Innovation Board? According to the regulations, in addition to having complete business plans, professionals, technical systems and other conditions, securities companies participating in market makers must also meet two conditions in terms of capital strength and compliance and risk control capabilities: First, the last 12 months The net capital shall not be less than 10 billion yuan continuously; secondly, the classification rating in the last three years shall be Category A and Grade A (inclusive) or above. Among them, those that meet the above conditions are: China Merchants Securities, Zheshang Securities, China Galaxy, CICC, Zhongtai Securities, CITIC Securities, CITIC Securities, Bank of China Securities, Industrial Securities, Shenwan Hongyuan Securities, Tianfeng Securities, Ping An Securities, Huatai Securities, West China Securities, Guojin Securities, CDB Securities, Guotai Junan, Guosen Securities, Oriental Fortune Securities, Oriental Securities, Soochow Securities, Dongxing Securities, Founder Securities, Caitong Securities, Everbright Securities. It can be seen from the above that when the Science and Technology Innovation Board introduces the market maker mechanism, 25 securities firms meet the qualifications for admission, and these 25 securities firms are all relatively experienced securities firms. In addition, the introduction of the market maker mechanism is helpful to the Science and Technology Innovation Board. Liquidity is further active.