How to go public?

The listing of a company must meet the following conditions: 1. With the approval of the securities management department of the State Council, publicly issue shares to the public; 2. The total share capital of the company is not less than RMB 50 million; 3. It has been in business for more than three years and has been making profits continuously in the last three years; 4. The number of shareholders holding shares with a face value of more than RMB 1000 yuan is not less than 1000, and the shares publicly issued to the public account for more than 25% of the total shares of the company; If the company's share capital exceeds 400 million yuan, its public offering ratio is more than 15%; 5. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records; The listing process of the company is as follows: 1. Prepare the listing plan and feasibility report of the company. 2. Hire lawyers to intervene and improve the legal documents related to company management, improve the company organization, commend and accompany the company according to the provisions of the Company Law, and prepare and sort out the legal documents related to company listing. 3. Hire certified public accountants to participate in the company's listing audit, and improve the financial statements and original vouchers. 4. Hire brokers for listing counseling and recommendation. 5. Lawyers shall issue legal opinions and relevant legal documents for listing, and report them to the CSRC for approval. 6. recognition. 7. List. 8. Financial audit of listed companies by certified public accountants for three years after listing.

People's Republic of China (PRC) Securities Law

Article 12 The initial public offering of new shares issued by a company shall meet the following conditions:

(1) Having a sound organizational structure;

(2) It has the ability of continuous operation;

(3) The financial and accounting reports of the last three years have been issued with unqualified audit reports;

(4) The issuer and its controlling shareholder or actual controller have not committed any criminal acts of corruption, bribery, embezzlement, misappropriation of property or disturbing the order of the socialist market economy in the last three years;

(5) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.

When a listed company issues new shares, it shall meet the requirements stipulated by the securities regulatory authority of the State Administration of Taxation approved by the State Council, and the specific management measures shall be stipulated by the securities regulatory authority of the State Council.

The public offering of depositary receipts shall meet the conditions for the initial public offering of new shares and other conditions stipulated by the the State Council Securities Regulatory Authority.

Article 96 Stock exchanges and other national securities trading places approved by the State Council provide places and facilities for centralized securities trading, organize and supervise securities trading, implement self-discipline management, register according to law, and obtain legal person status.

The establishment, alteration and dissolution of stock exchanges and other national stock exchange places approved by the State Council shall be decided by the State Council.

The organizational structure and management measures of other national securities trading places approved by the State Council shall be formulated by the State Council.

Article 168 the State Council Securities Regulatory Authority shall supervise and manage the securities market according to law, maintain its openness, fairness and impartiality, guard against systemic risks, safeguard the legitimate rights and interests of investors and promote the healthy development of the securities market.