Its shares are traded on the Unlisted Securities Market. 那家公司的股票在场外证券市场交易。
But unlisted Huawei has an advantage over US and Europe-listed network equipment peers: its status as national champion in a market that will account for about half of estimated worldwide capital spending on 4G equipment over the next two years. 但与在美国和欧洲上市的网络设备公司相比,没有上市的华为有一个优势:它作为中国市场冠军企业的地位&未来两年该市场将占到预估的全球4G设备资本支出的一半左右。
Part two argues that there lacks a disclosure standard for the IPO of unlisted securities and Secondary Public Offerings by unlisted public companies, then gives comments on the continuous disclosure regime of the Stock Transfer Agent System, which is the principle OTC market in China. 第二部分首先指出了我国公司股票场外IPO和非上市公众公司新股发行信息披露标准的缺失,然后集中评述了我国代办股份转让系统这一主要场外交易市场的持续披露规则。
Unlisted joint-stock company managed by their institution shall market intermediary institutions as the government can have certain regulation. 未上市股份公司托管机构应由公司制的市场中介机构担任,政府可以有一定的监管。