An Analysis of the Approach from Agency Share Transfer Market to Modern Over-the-Counter Market

The establishment of a modern over-the-counter market is an unavoidable way of building a multi-level stock market system in China.Although the launching of agency stock transfer market is only a provisional measure,and its later development makes it become an initial style of modern over-the-counter market.It is possible to transform the agency stock transfer market to modern over-the-counter market by improving the legal hierarchy-basis for over-the-counter market's existence and operation,enhancing its function and introducing relevant systems.