In China, the term "中小板" ( zhōngjiào bǎng ) refers to the mid-cap stocks listed on the Shenzhen Stock Exchange. The term "创业板" ( cuànguì niàn ) refers to the growth stocks listed on the Shenzhen Stock Exchange. The term "新三板" ( nánzhìbiāo ) refers to the quasi-equity market for new enterprises. In English, the term "zhōngjiào bǎng" can be translated as "mid-cap board," "chuànguì niàn" can be translated as "growth board," and "nánzhìbiāo" can be translated as "new-enterprise board."
一、新小板 1.新三板是针对老三板来说的。三板市场(third market)的正式名称是代办股份转让系统(Agency Share Transfer System),属于场外交易市场(Over the Counter,OTC)。 2.所以新三板比较准确的翻译是 New OTC Market,全称:new over-the-counter market, 新的场外交易市场。