The issuer is a company limited by shares established in accordance with the law and operated continuously for more than three years (the change of a company limited by shares as a whole can be counted continuously);
(a) the public offering of shares approved by the China Securities Regulatory Commission;
(2) The total share capital of the company is not less than 30 million yuan; The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares exceeds10%;
(3) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records;
Enterprise demand
(a) the registered capital has been paid in full, and the procedures for the transfer of property rights of the assets contributed by the promoters or shareholders have been completed. There is no major ownership dispute over the issuer's main assets.
(2) The main business, directors and senior management personnel have not changed significantly in the last two years, and the actual controller has not changed.
(3) It has sustained profitability and does not have any of the following circumstances:
(1) The business model and the variety structure of products or services have undergone or will undergo major changes, which have a significant adverse impact on the issuer's sustainable profitability;
(2) The status or business environment of the industry in which the issuer is located has undergone or will undergo major changes, which will have a significant adverse impact on the issuer's sustainable profitability;
(3) The acquisition or use of important assets or technologies such as trademarks, patents, proprietary technologies and franchise rights is at risk of major adverse changes;
(4) Its operating income or net profit in the latest year is heavily dependent on related parties or customers with significant uncertainties;
(5) The net profit in the latest year mainly comes from investment income outside the scope of consolidated financial statements;
(6) Other circumstances that may have a significant adverse impact on the issuer's sustainable profitability;
Extended data
Trading rules
Securities traded on GEM include:
(1) stock;
ChiNext
(2) Investment funds;
(3) Bonds (including corporate bonds, corporate bonds, convertible corporate bonds, financial bonds and government bonds, etc.). );
(4) bond repurchase;
(5) Other trading products that can be traded on the Growth Enterprise Market with the approval of the China Securities Regulatory Commission.
Trading rules
(1) The trading unit of GEM stocks is "shares" and the trading unit of investment funds is "shares". The number of securities declared for purchase is 100 shares (copies) or its integral multiple. Securities with less than 100 shares can be declared and sold at one time.
(2) The quotation unit of securities is "price per share". The minimum change unit of "price per share" is RMB 0.0 1 yuan.
(3) The securities are subject to price limit, and the ratio of price limit is 10%.
The price calculation formula of price fluctuation is: upper limit price of price fluctuation = (1 price fluctuation ratio) × the calculation result of closing price of the previous trading day is rounded to RMB 0.0 1 yuan. There is no price limit on the first day of listing.
Main board rules
Except for the trading risk control system on the first day of listing, the GEM trading system is consistent with the main board, and the existing trading rules are still applicable. Increase or decrease ratio: 10%
Delivery system: T+ 1
Continuous bidding time
9:30 - 1 1:30
13:00 - 14:57
Three lines of defense for "speculation" in GEM
When the opening price of the day rises or falls by 20% for the first time, the trading can be suspended for 30 minutes temporarily.
When the opening price of the day rises or falls by 50% for the first time, the trading can be suspended for 30 minutes temporarily.
When the opening price of the day rises or falls by 80% for the first time, the trading can be suspended until 14:57.
The long-awaited GEM trading rules have been clearly put forward. According to the person in charge of Shenzhen Stock Exchange, the trading rules of GEM will be consistent with the main board.
Baidu Encyclopedia-GEM
Baidu encyclopedia-gem