What does the small and medium-sized board in the stock mean?

Small and medium-sized board refers to the small and medium-sized enterprise board, which refers to the Growth Enterprise Market with a circulation of around 1 100 million, and is generally a stock with a code beginning with 002 in Shenzhen. This kind of stock has the characteristics of small circulation, small share capital, flexible nature of shares and obvious advantages in main business. Small and medium-sized board is a market specially established for small and medium-sized enterprises. In the small and medium-sized board market, there are low listing standards, high risks, high returns and strict information disclosure and market supervision. Generally, the main listed targets are high-tech companies.

The content of this article comes from People's Republic of China (PRC) Financial Code: Application Edition by China Law Publishing House.