The OTC market,there are many difficulties in building a direct impact on the design of the system,but the functional position of the OTC market,The nationwide market positioning in investor exchange and speculative functions,the local OTC market needs and solve corporate finance function combined."Securities Act" established company stock issued by finance function and the listing and trading of speculative exit function confusion,as well as the issue and brought disaster to the capital markets listed linkage mechanism. The local OTC market positioning for the trading of corporate finance services,the issue of financing and entering transactions separation. On this basis,learn from the advanced practical experience in the OTC market access system,trading system and regulatory regime to regulate. <<