An established foreign-invested joint stock limited company applying for listing and issuing A shares or B shares must obtain the written consent of the Ministry of Foreign Trade and Economic Cooperation and the approval of the China Securities Regulatory Commission, and meet the following conditions:
1, the reorganization conforms to the general conditions of listed companies, such as:
(1) The total share capital of the company is not less than RMB 50 million;
(b) The company must have been established for more than three years, and it has been making profits continuously in the last three years;
(c) No less than 65,438+0,000 shareholders hold shares with a face value exceeding RMB 65,438+0,000, and the shares publicly issued to the public are not less than 25% of the total shares of the company. If the company's total share capital exceeds 400 million yuan, the proportion of shares issued to the public shall not be less than 65,438+05%;
(four) the company has no major illegal acts in the last three years, and its financial and accounting reports have no false records;
(5) Other conditions required by laws and regulations of listed companies.
2. It has passed the joint annual inspection of foreign-invested enterprises three years before applying for listing;
3. The foreign-invested joint stock limited company applying for listing and after listing shall conform to the industrial policy of foreign investment;
4. After listing and issuing shares, the proportion of foreign shares shall not be less than10% of the total share capital;
5. Foreign-invested joint stock limited companies that require Chinese holding (including relative holding) or have special provisions on Chinese shareholding ratio shall continue to maintain Chinese holding position or shareholding ratio according to relevant regulations after listing.
6. After a foreign-invested joint stock limited company issues shares for the first time, its additional shares and rights issue shall not only meet the above conditions, but also meet the relevant provisions on additional shares and rights issue.