Stock listing:
Stock listing refers to the legal act of publicly listing and trading the issued shares on the stock exchange after being approved by the stock exchange. Stock listing is a "bridge" connecting stock issuance and stock trading.
In China, shares are eligible for listing after public offering. After listing, the company will be able to get huge capital investment, which is conducive to the company's development. The new stock listing rules mainly modify the information disclosure and suspension system, and enhance the transparency of information disclosure, which is an improvement. In particular, major events require detailed and continuous disclosure, which is conducive to ordinary investors to resolve the impact of some information asymmetry.
Conditions for listing shares:
Conditions for listing shares:
1. Public offering of shares with the approval of China Securities Regulatory Commission;
2. The total share capital of the company is not less than RMB 30 million;
3. The publicly issued shares account for more than 25% of the total shares of the company, and the total share capital of the company exceeds RMB 400 million, accounting for 65,438+05% of the total issued shares of the company.
4. The company has no major illegal acts within 3 years, and its financial and accounting reports have no false records.
Conditions for suspension of stock listing:
1. The total share capital (30 million yuan) and equity distribution (25%, 10%) of listed companies have changed, and they no longer meet the listing conditions.
2. A listed company fails to disclose its financial status as required, or makes false records in its accounting reports, which may mislead investors.
3. The listed company has committed major illegal acts.
4. Listed companies have suffered losses for three consecutive years.
Conditions for termination of stock listing:
1. The total share capital and equity distribution of a listed company have changed, and they no longer meet the listing conditions, and they still cannot meet the listing conditions within the time limit stipulated by the stock exchange.
2. The listed company fails to disclose the financial integrity in accordance with the provisions, or makes false records on the financial and accounting reports, and refuses to correct them.
3. The listed company suffered losses for three consecutive years, but failed to turn losses into profits in the following year.
4. The listed company is dissolved or declared bankrupt.