Legal analysis: the time from enterprise restructuring to listing depends on the specific situation, and the overall time is more than one year. In general, the approximate time of each stage is as follows: it takes about 6 months from planning to restructuring to establishing a joint stock limited company, and the time for changing a standardized limited liability company into a joint stock limited company can be shortened; It takes about 3 to 4 months for intermediaries such as sponsors to conduct due diligence and issue application documents; Theoretically, it takes about 3 to 4 months from the examination by the CSRC to the issuance and listing, but the actual operation time is often around 10 months. However, as can be seen from the above, the preparation time for listing varies from enterprise to enterprise, so it is difficult to generalize, and sometimes it has a great relationship with the personality characteristics of senior leaders of enterprises and the professional level of intermediaries. From the practical point of view, it is very fast to declare within one year, and there are many cases of preparing for three to five years. This has not taken into account the influence of policy factors such as suspension of acceptance by the CSRC or special industry restrictions during the period.
Legal basis: Article 15 of the Securities Law of People's Republic of China (PRC) shall meet the following conditions for public issuance of corporate bonds: (1) having a sound and well-functioning organization; (2) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year; (3) Other conditions stipulated by the State Council. The funds raised by the public offering of corporate bonds must be used for the purposes listed in the Measures for Raising Corporate Bonds; Any change in the use of funds must be decided by the bondholders' meeting. The funds raised from the public offering of corporate bonds shall not be used to cover losses and unproductive expenditures. When a listed company issues corporate bonds that can be converted into shares, it shall comply with the provisions of the second paragraph of Article 12 of this Law in addition to the conditions stipulated in the first paragraph. However, according to the way of raising corporate bonds, unless a listed company converts corporate bonds by buying its own shares.