Article 3 of the Detailed Rules for the Management of Investor Suitability in the National Small and Medium-sized Enterprises Share Transfer System (revised 20 17) stipulates that the following institutional investors may apply to participate in the public share transfer of listed companies: 1, a legal person institution with paid-in capital or paid-in share capital of more than 5 million yuan; 2. A partnership with a total paid-in investment of more than 5 million yuan. Paragraph 1 of Article 5 stipulates that a natural person investor who meets the following conditions may apply to participate in the public transfer of shares of a listed company:
1. Before the signing date of this agreement, the average daily financial assets in the investor's name on the last 10 transfer date were more than RMB 5 million. Financial assets refer to bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures and other derivative products.
2. Have more than 2 years experience in securities, funds and futures investment, or have more than 2 years experience in financial product design, investment, risk management and related work, or have financial institutions registered or registered by trade associations such as securities companies, futures companies, fund management companies and their subsidiaries, commercial banks, insurance companies, trust companies and finance companies, as well as subsidiaries of securities companies, subsidiaries of futures companies and private fund managers.