Science and technology innovation board is a special service board for small and medium-sized enterprises with science and technology and innovation. It belongs to the over-the-counter market and focuses on small and medium-sized enterprises that have not yet reached maturity but have growth potential and meet the relevant normative, scientific and innovative characteristics.

The difference between science and technology innovation board and A shares is as follows:

First of all, the science and technology innovation board adopts the registration system.

The adoption of registration system for the listing of science and technology innovation board means that a large number of enterprises can register for listing, or a large number of enterprises may withdraw from the market. In fact, science and technology innovation board adopted the strictest delisting system in history, canceled the suspension of listing and resumed trading.

Second, science and technology innovation board has a high investment threshold for participants.

To invest in science and technology innovation board, investors must have 500,000 assets and 2 years of securities trading experience, which means that only 3 million individual investors in the stock market meet the investment requirements.

Third, science and technology innovation board may be a relatively high market for institutional investors.

In the science and technology innovation board, institutional investors should be the largest number of investors, but it is difficult for them to obtain excess returns in this market.