This paper is divided into five chapters as below: the first chapter is about to summarized the OTCsecurities.
本文主要分为五章，分述如下：第一章主要对证券场外交易进行了概述。
2
Actually the definition about the OTCsecurities is still under discussions, which are the basic of OTC studies and the logic starting line of OTCsecurities regulatory law.
On OTC market, securities transactions are conducted through a telephone and computer network connecting dealers in stocks and bonds, rather than on the floor of an exchange.