Wu Shoushan, chairman of the over-the-counter trading center, delivered a public welfare speech on Hong Junpei Culture and Education Foundation.

Wu Shoushan, chairman of the over-the-counter trading center, delivered a public welfare speech on Hong Junpei Culture and Education Foundation.

(Taiwan Business Daily News) in response to the government's policy of fostering the development of micro and small innovative enterprises, and invigorating the momentum of the capital market, the OTC Buy Center officially launched the "OTC Board" at the beginning of this year in response to the government's policy of fostering the development of micro and small innovative enterprises and invigorating the development of micro and small innovative enterprises. at present, it has raised more than 150 million yuan through the counter board. It has initially demonstrated the tutoring and fund-raising results of the counter board.

On August 17, the Hong Junpei Culture and Education Foundation invited Mr. Wu Shoushan, chairman of the over-the-counter Securities Trading Center of the Republic of China, to give a lecture on 'counter Entrepreneurship, Innovation and Breakthrough.' chairman Wu shared his experience with his background in securities management and teaching research for many years. The audience has benefited a lot.

The counter board is created by the counter Buy Center to support the development of micro and small innovative enterprises in response to government policies. Its main function is to provide a channel for micro innovative enterprises to raise funds.

According to the "promote the construction of the cabinet version to help innovative enterprises to raise funds," provided by the FSC. " Companies that hope to log on to the over-the-counter version can meet the characteristics of "creativity, development potential, and sustainable business planning," and the capital is capped at NT $50 million. Although the lowest limit is not specified, the company is required to be a "joint stock limited company." In addition, before logging in to the counter version, the company must receive joint tutoring from government units. As for profitability and the number of years of establishment, there is no limit. The counter-buying center stipulates that the period for logging in to create an over-the-counter board should not exceed 3 years, that is to say, it fails to successfully attract investors to subscribe for investment within three years, and it does not rule out the cancellation of listing qualification, while companies that can complete fund-raising operations will be counseled and transferred to listing counters.

In the OTC Zone, which only came into effect on January 3 this year, if investors want to inquire about or subscribe for the stocks in the OTC area, they can go to the website of the OTC Zone and click on "financing Information in processing" under the item "financing Information". In order to prevent investors from being excessively exposed to high risks, ordinary investors should not subscribe until the fund-raising system of the over-the-counter board company is signed as a "risk notice", and the amount of investment subscribed through the over-the-counter board within one year shall not exceed NT $60,000.

The first batch of 19 companies registered to create counter board, covering cultural and creative, agriculture, forestry, fishery and animal husbandry, biotechnology, medical and electronic technology and other industries.

The intention of creating OTC boards is good, but Wu Shoushan also warns that Taiwan investors have a more "speculative" mentality in buying and selling stocks, but compared with the capital market structure such as Xing OTC (market), the main spirit of creating OTC boards is to encourage innovation and entrepreneurship, support companies on a smaller scale and need market capital, and has the characteristics of exemption from public offerings and low barriers to application. Investors directly consult the company for subscription matters, and the shares can not be traded publicly after investment, so they can only consult specific stock agents by the counter-buying center, so non-professional investors should not only maintain the mentality of "making money from investment" and obtain capital gains.

In addition to commercial interests, investors in the over-the-counter version also hold enthusiastic support for start-up companies. if the investor's company goes public smoothly, it will be very lucky to make capital gains smoothly, but if the company does not have a start-up or listed counter after three years of investment, and the company withdraws from the over-the-counter version, the investor's money will be regarded as paying tuition fees.

The company must receive joint tutoring before logging in to the over-the-counter version. Combined with various government resources, the counter-buying center will provide financial, accounting, internal control, marketing, legal and corporate governance guidance for a maximum of two years, but if the company is in good health and does not have too many problems, the counseling period will not be too long. Finally, the counter-buying center holds the final audit right of whether the company has successfully logged in to "create the counter board".

In order to help young people or business owners who are creative and want to start their own businesses in China, they can find "financiers" to smoothly obtain funds and realize their ideas, and set up another "creation board", so that creative or start-up companies can also list and raise funds.

At present, similar "gem" in the world, such as London's "AIM board", Hong Kong's "gem", Singapore's "Kelly board" and so on, are more similar to Taiwan's over-the-counter market. This time, the "over-the-counter board" developed by the over-the-counter buying center is further extended and rooted under the over-the-counter market, which should be the first in the world.

The world's first to launch such "emerging enterprise board" is the London Stock Exchange's "alternative investment market" (Alternative Investment Market, referred to as AIM). AIM was founded in 1995, similar to the start-up version, suitable for the listing of small and medium-sized enterprises. Because of the low listing threshold and low cost, it attracts small and medium-sized enterprises around the world to list. Every year, there are hundreds of new listings, and even Chinese enterprises are flocking to it.

According to a study conducted by the OTC Buy Center, the "OTC Board" refers to the Mass fundraising Act of the United States, which has equity and non-equity. In the United States, the actual practice is for enterprises to publish ideas on the Internet and raise funds from the public, so that ordinary investors can donate to support the creativity of the enterprise.

Wu Shoushan, chairman of over-the-counter trading center, small file:

Mr. Wu Shoushan, chairman of the over-the-counter trading center, holds a bachelor's degree in accounting and statistics from National Chung Hsing University, a master's degree in the Institute of Management Science, National Jiaotong University, and a doctor in the Department of Finance, Insurance and Real Estate, University of Florida. He was a professor and dean of the School of Management of Chang Gung University, a professor of Jiaotong University, a resident supervisor of South China Bank, and chairman of the Securities and Futures Market Development Foundation. He is currently the chairman of the over-the-counter Securities Trading Center of the Republic of China and an adviser to the Taiwan Economic Research Institute.