1. Only joint-stock companies are eligible for listing;
2. To apply for listing, the company must have been operating for more than 3 years, and there has been no change of directors or senior management personnel in these three years, and the company's operation is legal and in line with national laws and regulations;
3. There is no false capital contribution in the registered capital of listed companies, and there is no phenomenon of withdrawing funds;
4. There are at least 3 million registered companies in the listed company, and the publicly issued shares account for more than 1/4 of the company's total shares, with a total share capital of at least 4 million yuan and more than 1% of the publicly issued shares;
V. Financial status of listed companies:
1. The financial status of listed companies has a net profit of more than 3 million in the last three fiscal years;
2. The total amount of shares before issuance is at least 3 million;
3. No losses were made up in the latest issue;
4. The latest assets account for more than 2% of the net assets;
5. The accumulated cash flow generated by operating activities in the last three fiscal years is at least 5 million, or the operating income in the last three fiscal years is more than 3 million;
6. Listed companies mainly raise funds, but the funds raised must be strictly used before, so the key point is to strictly check whether the company meets the listing conditions;
Therefore, the auditing conditions for listed companies are very strict, so the conditions of listed companies are strictly controlled according to the above six items.
according to the relevant provisions in section 5 of chapter 4 of the company law of the people's Republic of China, a listed company refers to a joint stock limited company whose publicly issued shares have been approved by the securities management department authorized by the State Council or the State Council to be listed and traded on the stock exchange.
The so-called unlisted company refers to a joint stock limited company whose shares are not listed and traded on the stock exchange.
A listed company is a kind of joint stock limited company. In order to go public on the stock exchange, it must meet certain conditions in addition to approval.
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.
Extended information:
1. Listing application and approval.
The Interim Regulations on the Administration of Stock Issuance and Trading stipulates that a joint stock limited company that meets the requirements for public offering of shares shall apply to the listing committee of the stock exchange for trading its shares on the stock exchange; The listing committee shall, within 2 working days from the date of receipt of the application, make an examination and approval, determine the time of listing, report the examination and approval documents to the CSRC for the record, and send a copy to the Securities Commission.
the company law stipulates that a joint stock limited company applying for listing and trading of its shares shall be approved by the securities administration department authorized by the State Council or the State Council, and relevant documents shall be submitted in accordance with the provisions of relevant laws and administrative regulations.
At the same time, the Company Law stipulates that the State Council or the State Council authorizes the securities management department to approve the application for listing and trading of stocks that meet the requirements stipulated in this Law; Those that do not meet the requirements stipulated in this law shall not be approved.
at present, a joint stock limited company that meets the listing requirements has to be reviewed and approved by the CSRC, and then examined and approved by the stock exchange.
2. Documents to be submitted when applying for stock listing.
a joint-stock company applies to the listing Committee of the exchange for listing. The following documents shall be submitted when applying:
1. Application;
2. company registration documents;
three, the approval documents for the public offering of shares;
iv. the financial report of the company audited by an accounting firm in the past three years or since its establishment and signed by two or more certified public accountants and their firm. Sealed audit report;
5. letters of recommendation from members of the stock exchange;
VI. The latest prospectus;
7. documents required by other exchanges.
3. conclude a listing contract.
a joint stock limited company becomes a listed company after its shares are approved for listing. Before a listed company's shares are listed, it is necessary to conclude a listing contract with the stock exchange, determine the specific date of listing, and pay the listing fee to the stock exchange.
4. Make a listing announcement.
according to the provisions of the company law, after the application for stock listing is approved, the approved listed company must announce its stock listing report and store its application documents in a designated place for public inspection.
the listing announcement of a listed company-generally published in the national securities newspapers and periodicals designated by the CSRC.
The contents of the listing announcement shall include the following items in addition to the main contents of the prospectus:
1. The date and approval number of the shares approved for trading in the stock exchange;
2. Stock issuance, ownership structure, the list of the top 1 shareholders and the number of shares held;
3. the resolution of the company's founding meeting or shareholders' meeting to approve the trading of the company's shares in the stock exchange;
iv. resumes of directors, supervisors and senior management personnel and their holdings of securities of the company;
v. the company's operating performance and financial status in the last three years or since its opening, as well as the profit forecast documents for the next year;
6. other information required by the stock exchange.
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