(1) is well organized and running well.
(2) It has sustained profitability and is in good financial condition.
(3) There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts.
(4) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
The process steps of securities issuance are as follows:
1. preparation stage: the issuer determines the purpose, scale, type and issuance method of securities issuance, formulates the issuance plan and prepares relevant documents.
2. Application for issuance: The issuer submits an application for issuance to relevant regulatory agencies (such as securities regulatory authorities and stock exchanges), and submits issuance documents and necessary materials.
3. Examination and approval: The regulatory body examines the issuance application, including evaluating the issuer's qualification, financial status, legality and completeness of the issuance documents, and deciding whether to approve the issuance.
4. Announcement of issuance: The issuer issues an announcement of securities issuance according to the requirements of the regulatory authorities, including the basic information of issuance, issuance time, issuance price, etc.
5. Raising funds: the issuer issues securities to investors through distribution channels (such as stock exchanges and underwriters) to raise funds.
6. Registration of issuance: After the issuance of securities, the issuer will register the information of issued securities in the registration system of the securities registration institution or the exchange to ensure the accuracy of investors' position information.
7. Listing: If the purpose of securities issuance is to be listed on the stock exchange, the issuer needs to apply to the exchange for listing. Listing audit includes evaluating the issuer's qualification, financial status, legitimacy and integrity of the issuance documents, and deciding whether to approve the listing.
8. Transaction settlement: After the securities are listed, they are traded on the exchange, and investors can buy and sell through the trading system of the exchange. After the transaction is completed, the exchange or the registration institution will settle the accounts to ensure the completion of the securities transaction funds, securities transfer and other procedures.