Its shares are traded on the Unlisted Securities Market(USM). 那家公司的股票在场外证券市场交易。
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。