The OTC market is a base layer in the multi -level capital market system. However, as the same of national OTC market, the OTC market in Hunan province first develops the upper capital markets, which are motherboard in exchange market, and then a middle layer - small board and Growth Enterprise Market, which lead an inevitable problem of weak foundation, and these problems have constrained the development of the OTC market in Hunan province. Based on the major strategic initiatives of our muhi - level capital market, this paper reviews its cons...