1, B shares are issued by listed companies and paid in US dollars;
2. B shares traded in US dollars are only on the Shanghai Stock Exchange, and B shares traded in Hong Kong dollars are only on the Shenzhen Stock Exchange;
3.b shares can be domestic individuals or institutions with foreign exchange cash or cash, overseas individuals and institutions, or domestic individuals and institutions with foreign exchange;
4.b shares will pay a trading commission of about 1%;
5.b shares are generally calculated according to international accounting standards, converted into foreign exchange at a certain exchange rate and paid to shareholders.
Under what circumstances, the company will choose B-share listing, which depends entirely on the company's consideration at that time, because the company can obtain development funds more quickly. What is the attraction of B-shares, or because of the above situation, foreign capital can be obtained quickly, so that the company's expansion can be supported by funds.
Extended data:
B-share listing conditions
1. When establishing a company by offering, the conditions for issuing domestic listed foreign shares (B shares) are as follows:
The use of raised funds conforms to the national industrial policy; Comply with the provisions of the state on the establishment of fixed assets investment projects;
Comply with the provisions of the state on the utilization of foreign capital; The total share capital subscribed by the promoters shall not be less than 35% of the total share capital to be issued by the company;
The total investment of the promoters shall not be less than RMB 654.38+0.5 billion;
The shares to be publicly issued to the public account for more than 25% of the total shares of the company; If the total share capital to be issued exceeds 400 million yuan, the proportion of shares to be issued to the society will reach more than 65,438+05%;
The original enterprise that reorganized and established the company or the state-owned enterprise that is the main sponsor of the company has no major illegal acts in the last three years;
The original enterprise that reorganized and established the company or the state-owned enterprise that is the main sponsor of the company has made profits continuously in the last three years.
2. An established joint stock limited company applying for issuing B shares by increasing its capital shall meet the following conditions:
The use of raised funds conforms to the national industrial policy; Comply with the provisions of the state on the establishment of fixed assets investment projects;
Comply with the provisions of the state on the utilization of foreign capital; The shares previously issued by the company have been fully raised, and the purpose of the funds obtained is consistent with the purpose determined at the time of issuance, and the use efficiency of funds is good;
The total net assets of the company shall not be less than RMB 654.38+0.5 billion; The company has no major illegal acts during the period from the previous issuance of shares to this application;
The company has made continuous profits in the last three years; Companies established by the original enterprise reorganization or state-owned enterprises as the main sponsors can be counted continuously.
3. A domestic listed foreign-funded joint-stock company shall meet the following conditions for increasing its capital and issuing B shares:
1) has a perfect corporate governance structure, and is separated from legal persons or other organizations and other affiliated enterprises that have actual control over them in terms of personnel, assets and finance, so as to ensure the personnel, financial independence and asset integrity of listed companies.
2) The articles of association of the company comply with the provisions of the Company Law and the Guidelines for Articles of Association of Listed Companies.
3) The notice, convening method, voting method and resolution of the shareholders' meeting comply with the Company Law and relevant regulations.
4) The use of the funds raised in this IPO is in line with the provisions of the national industrial policy.
5) In principle, the amount of funds raised by this initial public offering shall not exceed the amount of funds required for the proposed investment project approved by the company's shareholders' meeting.
6) There is no situation that funds and assets are occupied by individuals, legal persons or other organizations with actual control rights and their affiliates, or other major related party transactions that harm the interests of the company.
7) If the company has any major purchase or sale of assets, it shall comply with the relevant regulations of China Securities Regulatory Commission.
(eight) other requirements stipulated by the China Securities Regulatory Commission.
Baidu Encyclopedia -B shares