What does a customer do if he wants to sell an unlisted stock ?

如果一位顾客要卖出一种 未 挂牌 的 股票，他该怎么办？

The report is calculated based on an individual 's fixed and liquid assets and includes listed and unlisted stock property insurance and other items .

报告是基于个人的固定资产和流动资产来计算其财富的，这些资产包括上市与 未 上市 股票、房产、保险和其他类财产。

Unlisted lines of stock are excluded .

未 上市 的 股票被排除在外。

In reality there are a large number of unlisted companies who occupy the most number of joint stock companies have the same characteristics with the closed companies .

现实中，存在着大量的 非上市 股份 有限公司，其占据 股份公司数量的绝大部分，有着与 有限公司同样的封闭性的特点。

We found that China listed companies have preference in equity financing indicating a very remarkable phenomena of binary capital structure compared with unlisted companies listed companies stock investment focus and unlisted companies debt investment focus .

结果发现，中国上市公司仍然存在股权融资偏好，在与 非上市公司的比较中可以看出，上市公司以 股本注入为主和非上市公司以债务注入为主的二元化资本结构现象十分明显。

The unlisted companies can not trade their securities through the listing system at the stock exchange or other stock markets .

未 上市的公司的股票不能在 证交所或其他股票市场 公开挂牌交易。

The fund will also seek to raise money from society for the first time providing a channel for private investors to bet on unlisted state defence companies and hopefully to benefit from later public stock offerings according to the China Securities Journal .

据《中国证券报》报道，该基金还将寻求“从社会上”融资首次为私人投资者押注 未 上市的国防公司提供了渠道，并有望从随后的首次公开 发行中受益。

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。