Can a wholly-owned subsidiary of a foreign investor in Chinese mainland be listed on the A-share market?

There is no precedent for a wholly-owned company controlled by a foreign company to list in the mainland, but a joint venture company can. The approval procedure for listing in Chinese mainland is stricter than that in Hongkong. Whether the assets are listed repeatedly depends on the financial statements and approval materials (enterprise structure) provided by your company, which may or may not be.

If the international board is launched in the future, there is no problem at all.

securities laws

Article 50 A joint stock limited company applying for stock listing shall meet the following conditions:

(a) approved by the the State Council securities regulatory authority for public offering.

(2) The total share capital of the company is not less than 30 million yuan;

(3) 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 is more than 10%;

(4) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.

A stock exchange may prescribe listing conditions higher than those prescribed in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval.

? Article 51 The State encourages companies that conform to industrial policies and meet the listing requirements to go public.

? Article 52 To apply for stock listing, the following documents shall be submitted to the stock exchange:

(a) listing report;

(2) the resolution of the shareholders' meeting to apply for stock listing;

(3) company seal? Cheng;

(4) Business license of the company;

(5) Financial and accounting reports of the company in the last three years audited by an accounting firm according to law;

(6) Legal opinions and letters of recommendation for listing;

(7) The latest prospectus;

(8) Other documents stipulated in the listing rules of stock exchanges.

? Article 53 After the application for stock listing is approved by the stock exchange, the company that signed the listing agreement shall announce the relevant documents for stock listing within the prescribed time limit, and place the documents in the designated place for public inspection.

? Article 54 A company that has signed a listing agreement shall announce the following items in addition to the documents specified in the preceding article:

(1) The date when the shares are allowed to be traded on the stock exchange;

(2) The list of the top ten shareholders who hold the most shares of the company and the amount of their shares;

(3) The actual controller of the company;

(4) Names of directors, supervisors and senior managers and their holdings of company stocks and bonds.

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Zazie Hoko