1. Listing requirements of listed companies:
1. With the approval of the securities management department of the State Council, the stock has been publicly issued to the public.
2. The total share capital of the company is not less than RMB 30 million.
3. If the shares publicly issued account for more than 25% of the total shares of the company and the total share capital exceeds 400 million yuan, the proportion of shares publicly issued to the society is more than 65,438+00%.
4. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.
5. It has been in business for more than three years, and it has been profitable continuously in the last three years. If the original state-owned enterprise is established after being rebuilt according to law, or if it is newly established after the implementation of this law, and its main sponsors are large and medium-sized state-owned enterprises, it can be counted continuously.
6. A stock exchange may prescribe listing conditions higher than those specified in the preceding paragraph and report them to the the State Council securities regulatory authority for approval.
Two. Listing requirements for bond listed companies:
1. Corporate bonds have been publicly issued.
2. The term of corporate bonds is more than one year.
3. The actual amount of corporate bonds issued is not less than 50 million yuan.
4. When the company applies for listing bonds, it still meets the statutory conditions for issuing corporate bonds. One of the conditions for issuing bonds is that the net assets of a joint stock limited company are not less than 30 million yuan, and the net assets of a limited liability company are not less than 60 million yuan.
Extended data:
Company listing income
1, which opens up a new direct financing channel, although the cost of equity financing is generally higher than that of debt financing in the standardized market.
2. Becoming a member of the public after the company goes public will play a certain role in enhancing the company's brand.
3. After listing, a set of standardized management system and financial system must be established according to regulations. It can improve the management level of the company.
Disadvantages of listed companies
1, increasing the maintenance cost. For example, if a listed company wants to set up independent directors and supervisors and disclose information in the media, it will increase the operating costs such as advertising fees, audit fees and salaries.
2. Increased management pressure. Shareholders have certain requirements for performance and return. If the management is poor and the performance declines, the company's stock will be given a cold shoulder by investors, and it may even be delisted.
3. The binding force on major shareholders has been strengthened. After listing, the number of shareholders has increased, and the binding force on major shareholders and bosses has also increased. Major shareholders can no longer engage in "centralized discussion", major business decisions of enterprises need to perform certain procedures, and the rights of minority shareholders must be respected, so that some business flexibility enjoyed by private enterprises may be lost.
4. Improve the transparency of the company. From a big perspective, improving transparency is not a bad thing, but sometimes the disclosure of information such as main business, market strategy and finance will be beneficial to competitors.
References:
Baidu Encyclopedia-Listing Requirements