The history of Xinyong Zhonghe Certified Public Accountants (referred to as Xinyong Zhonghe for short) can be traced back to 198 1 year, and it is one of the longest established, most prestigious and largest accounting firms in Chinese mainland. Among its huge customer base, there are large state-owned enterprises, private enterprises and foreign-funded enterprises, as well as many large listed companies and companies to be listed. XinYong Zhonghe has strong strength and outstanding performance in enterprise restructuring, capital operation, company restructuring, stock issuance and listing, auditing, financial consulting and other professional services.
Shinyong Zhonghe has the experience of joint venture with internationally renowned accounting companies. On the basis of inheriting the international advanced management mode, Xinyong Zhonghe has invested a lot of manpower and time to carefully integrate the inherited management system, professional standards and risk control standards, and with rich experience in serving large state-owned enterprises, private enterprises and foreign-funded enterprises, especially listed companies for many years, it has successfully created professional standards, professional norms, quality control, risk control and firm management that combine international advanced concepts and methods with China's national conditions and can be in line with international standards. Driven by this management system, our business has achieved steady and high-speed development in recent years, and now it ranks among the leading ranks of certified public accountants in China, and can provide international-level professional services for new and old customers from all walks of life at home and abroad.
A listed company refers to a joint stock limited company whose shares are listed and traded on the stock exchange with the approval of the securities administration department authorized by the State Council or the State Council.
After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded. Article 50 of the Securities Law stipulates that one of the conditions that a joint stock limited company must meet when applying for listing its shares is that the total share capital of the company is not less than RMB 30 million. Compared with the original provision of 50 million yuan, the threshold for SMEs to become listed companies has been greatly reduced. The original requirement of "thousands of people and thousands of shares" has also been deleted. At this stage, it is more conducive to the implementation of the State Council's "Minutes of Meeting on Several Policies and Measures to Support and Strengthen Beijing Zhongguancun Science Park" on the requirement of "establishing a' green channel' to support Shenzhen SMEs in Zhongguancun". Of course, a stock exchange may stipulate listing conditions higher than those stipulated in the preceding paragraph and report them to the the State Council securities regulatory authority for approval. In addition, the provisions in Article 79 of the Company Law that "a joint stock limited company shall be established with two or more persons but not more than 200 persons" and Article 81 that "a joint stock limited company shall be established by means of sponsorship, and the initial investment of all promoters shall not be less than 20% of the registered capital" are also much looser than before.
According to Article 16 of the Securities Law, one of the conditions for the issuance and listing of 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". The criteria for who can become a company with corporate bonds listed and traded are very vague. In fact, it is often large enterprises that become listed companies of corporate bonds. More notably, Article 23 of the Securities Law stipulates that "the department authorized by the State Council approves the application for issuing corporate bonds". For a long time, we have been implementing the quota system, and the relevant departments have approved the issuance of corporate bonds. The implementation of the new securities law can greatly alleviate the demand for enterprises to issue and investors to invest in corporate bonds. By vigorously developing the bond market, we will gradually achieve the goal of improving the structure of listed securities.