First, a good corporate governance structure
Listed companies must establish a sound corporate governance structure, including the shareholders' meeting, the board of directors, the board of supervisors and other institutions with clear powers, and ensure the independence and checks and balances among them. The board of directors should set up special committees, such as audit committee and nomination committee, to strengthen corporate governance and internal control.
Second, the financial situation is stable.
Listed companies need to maintain good financial conditions, including good asset quality, moderate debt level and stable profitability. The company shall prepare and disclose financial reports in accordance with regulations to ensure the truthfulness, accuracy and completeness of financial information.
Third, the transparency of information disclosure
A listed company must disclose its business information, financial information and other important matters in a timely, accurate and complete manner in accordance with relevant laws, regulations and regulatory requirements. This helps investors to understand the company's operating conditions and risks and make wise investment decisions.
Fourth, compliance management.
A listed company shall abide by national laws, regulations and regulatory requirements, standardize its business practices, and shall not violate laws and regulations. The company shall establish and improve the internal control system to ensure the compliance of business activities and the effectiveness of risk control.
Verb (abbreviation of verb) protects the rights and interests of investors.
Listed companies should respect and protect the legitimate rights and interests of investors, including shareholders' right to know, participate and benefit. The company should establish and improve the investor relationship management system, strengthen communication and interaction with investors, and improve investors' trust and satisfaction with the company.
To sum up:
The basic requirements of listed companies include perfect corporate governance structure, sound financial situation, transparent information disclosure, compliant business practices and protection of investors' rights and interests. These requirements are aimed at ensuring the standard operation and financial transparency of the company, and safeguarding the market order and the interests of investors.
Legal basis:
Company Law of the People's Republic of China
Article 120 stipulates:
A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.
People's Republic of China (PRC) Securities Law
Article 50 provides that:
An issuer applying for an initial public offering of shares shall meet the following conditions:
(1) Having a sound organizational structure;
(2) It has the ability of continuous operation;
(3) The financial and accounting reports of the last three years have been issued with unqualified audit reports;
(4) The issuer and its controlling shareholder or actual controller have not committed any criminal acts of corruption, bribery, embezzlement, misappropriation of property or disturbing the order of the socialist market economy in the last three years;
(5) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
Guidelines on Corporate Governance of Listed Companies
Article 1 stipulates:
In order to standardize the governance of listed companies, promote the standardized operation and healthy development of listed companies, protect the legitimate rights and interests of investors, and promote the establishment of a modern enterprise system, these Standards are formulated in accordance with the Company Law of People's Republic of China (PRC) (hereinafter referred to as the Company Law), the Securities Law of People's Republic of China (PRC) (hereinafter referred to as the Securities Law) and other relevant laws and administrative regulations.