How long can it be listed after the share reform?

After the share reform, enterprises can go public after the counseling period from March to1August. However, in most cases, it will be officially listed after the "listing counseling" period of 6 to 12 months in the securities regulatory authorities. It is worth mentioning that the above-mentioned listing counseling is managed by the provincial securities regulatory bureau in the province and city where the company is located. However, in addition to this audit management, it is also necessary to submit relevant listing materials to the China Securities Regulatory Commission, which often takes about 6 months to pass the audit and then officially go public.

Introduction to share reform

Share reform refers to the equity reform of joint-stock companies that have been successfully listed, mainly through the principle of interest balance between non-tradable shareholders and tradable shareholders, to remove the institutional differences in share transfer in the A-share market. Generally speaking, there are four kinds of equity: individual shares, state shares, foreign-funded shares and legal person shares. The reform of joint-stock system often has certain requirements on the qualifications, number of sponsors, share capital and subscription method. In addition, enterprises are required to conform to the management structure of joint stock limited companies and have fixed business premises and production and operation conditions.