1. The company must be a legally established joint stock limited company;
2. The company has good business development and sustainable profitability;
3. There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts;
4. Other conditions prescribed by law.
Legal basis: Article 13 of the Securities Law of People's Republic of China (PRC) * * A company that publicly issues new shares shall meet the following conditions:
(1) Having a sound organizational structure;
(2) It is profitable continuously and in good financial condition;
(3) There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts;
(4) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
Non-public issuance of new shares by listed companies shall meet the requirements stipulated by the securities regulatory authority of the State Council approved by the State Council, and shall be reported to the securities regulatory authority of the State Council for approval.