改革开放后的中国场外交易市场曾经历过大发展,随后又因为经验不足而状况频出,戛然而止。在过去的五年,场外交易市场这个多层次资本市场不可或缺的部分在中国再次焕发生机,这生机的再次涌现在一定程度上来自于天津股权交易所的推动。这是可以写入中国资本市场发展史中的“天交所”现象,看似偶然,实则历史必然。天交所五周岁,当我们回顾历史的必然性怎样寓于无数个偶然性之中时,有五张面孔、五大经验和五个愿景与您一起分享。 After the reform and opening up, China’s over-the-counter market has experienced great development, but then because of lack of experience and frequent occurrences, the abrupt end. Over the past five years, an indispensable part of the OTC market, a multi-layered capital market, has been revitalized once again in China. This resurgence of life has to some extent resulted from the promotion of the Tianjin Equity Exchange. This is a phenomenon that can be written into the history of the development of China’s capital market in the “Tian Jiaotou” phenomenon, which seems accidental, but in reality the history is inevitable. Five days of the stock exchange, when we recall how the inevitability of history lies in countless contingencies, there are five faces, five experiences and five visions to share with you.