The State Council's Decision on Issues Related to the National Share Transfer System for Small and Medium-sized Enterprises (Guo Fa [2065438+03] No.49, hereinafter referred to as "the State Council Decision") points out that "qualified domestic joint-stock companies can apply for listing in the National Share Transfer System through sponsoring brokers". According to Article 2. 1 of the Business Rules of the National Small and Medium-sized Enterprise Share Transfer System (Trial) (hereinafter referred to as the Business Rules), a joint-stock company can apply for listing as long as it meets the following conditions:
1, established in accordance with the law, lasts for two years. If a limited liability company is converted into a joint stock limited company according to the original book net asset value, the duration can be calculated from the date of establishment of the limited liability company;
2. The business is clear and has the ability to continue to operate;
3. The corporate governance mechanism is sound and its operation is legal and standardized;
4. The equity is clear, and the issuance and transfer of shares are legal and compliant;
5. Sponsor brokers to recommend and continuously supervise;
6. Other conditions required by National Share Transfer System Corporation.
For details, please refer to the relevant provisions of Chapter II of the Business Rules on Stock Listing.