1. Stock is a kind of securities and a certificate issued by a joint stock limited company to prove the shares held by shareholders. Shareholders are the owners of the company, and are limited to their share of capital contribution, taking risks and sharing profits.
2. Stock investment has the following four attributes:
First, stocks are valuable securities, which embodies the rights of stock holders to the company;
Second, stocks are warrants. Stock represents the rights of shareholders, and when the company's shares are transferred, the rights and interests of the company's shareholders are also transferred;
Third, stocks are essential securities, and the contents and matters recorded should comply with the provisions of the law;
Fourth, stocks are securities. Stocks can be traded in the stock exchange market according to law.
1. The primary market, also known as the issuance market, refers to the market where companies sell newly issued shares to investors directly or through intermediaries. The so-called newly issued shares include initial shares and re-issued shares. The former is the original shares that the company sells to investors for the first time, and the latter is to add new shares on the basis of the original shares.
2. Operation process, consultation and management of the primary market. Where a joint stock limited company is established by way of sponsorship, the registered capital shall be the total share capital subscribed by all promoters registered in the company registration authority. In order to completely open the market economy, the new "Company Law" of 20 14 stipulates that the establishment of a limited company and a joint stock limited company is no longer limited by the initial investment and the time limit for contribution.
3. Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority. (After the implementation of the new Company Law (20 14), both joint-stock companies and limited companies cancelled the restrictions on the minimum registered capital. If laws and administrative regulations have higher provisions on the minimum registered capital of a joint-stock company, those provisions shall prevail.
4. Choice of raised funds: Generally speaking, the ways of raising funds can be divided into two categories: public offering and private offering. Public offering needs to be audited, which is divided into registration system and approval system.
5. Registration system: Before issuing new securities, the issuer must first apply for registration with the securities authorities in accordance with relevant laws and regulations. It requires the issuer to provide all information about the securities issuance itself and related securities issuance, and requires the information provided to be true and reliable. The key is whether all investors have mastered all the information released by various securities issuers before investing, and whether they can make correct investment decisions based on this information.
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