OTC市场内部具有清晰的层级划分（如OTCQX、OTCQB、Pink）。企业不应满足于初始挂牌层级，而应制定清晰的"升板"路线图： 吸引专业资本：向更高层级（如OTCQB/OTCQX）晋升，能吸引更多机构投资者与主流做市商，显著改善股票流动性。 增强市场公信力：高层级市场对财务披露与公司治理有更严格标准。主动遵循这些标准并接受更严格的监管审视，能向市场传递合规与透明的强有力信 号，从根本上提升公司信誉与形象。 在OTC市场上市已成为众多中概股对接国际资本的重要选择。相较于主板，OTC市场在流动性、投资者基础与公众认知度上存在差距，因此，上市后的主 动管理与战略升级至关重要。企业可通过以下五大核心策略，系统性地提升市场影响力与公司价值。 壹、梯次升板，优化市场形象与流动性 追求卓越运营：通过流程优化与成本控制提升效率，实现可持续的盈利增长。坚实的业绩是吸引所有类型投资者、获得市场认可的最硬核要素，也为后续 所有资本运作奠定基础。 贰、构建体系化投资者关系，赢得长期信任 在OTC市场，主动、专业的投资者沟通是破除信息壁垒的关键。 保持定期双向沟通：通过业绩发布会、路演、反向路演等形式，持续向市场传达业务进展与战略 ...

Core Points - The article discusses the conditions for initial public offerings (IPOs) in China, emphasizing the requirements for the listing entity, including qualifications, independence, and financial criteria [1][2][8] Group 1: Listing Entity Qualifications - The listing entity must be a joint-stock company, and if it is a limited liability company, it must convert to a joint-stock company [1] - For limited liability companies converting to joint-stock companies, the duration of operation can be calculated from the establishment of the limited liability company [2] - Companies controlled by individuals or entities with other business operations must undergo asset restructuring before converting to a joint-stock company [3] Group 2: Independence Requirements - The selection of the listing entity should eliminate competition among peers and reduce unnecessary related transactions, ensuring independence in personnel, assets, finance, organization, and business [6][7] - Personnel independence requires that key management positions are not held by representatives of the controlling shareholder, and financial independence mandates separate financial departments and independent tax obligations [7] Group 3: Normative and Financial Requirements - The listing entity must establish a sound governance structure, with no significant legal violations in the past three years, and clear ownership structures [8] - Financial requirements include continuous operational performance, sound internal controls, fair pricing in related transactions, and no significant debt risks [8]