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Entrepreneurial panel city conditions
Rights as a client
The issuer is a company limited by shares established in accordance with the law and operated continuously for more than three years (the change of a company limited by shares as a whole can be counted continuously);
(a) the public offering of shares approved by the China Securities Regulatory Commission;
(2) The total share capital of the company is not less than 30 million yuan; The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares exceeds10%;
(3) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records; [30]
Enterprise demand
(a) the registered capital has been paid in full, and the procedures for the transfer of property rights of the assets contributed by the promoters or shareholders have been completed. There is no major ownership dispute over the issuer's main assets.
(2) The main business, directors and senior management personnel have not changed significantly in the last two years, and the actual controller has not changed.
(3) It has sustained profitability and does not have any of the following circumstances:
(1) The business model and the variety structure of products or services have undergone or will undergo major changes, which have a significant adverse impact on the issuer's sustainable profitability;
(2) The status or business environment of the industry in which the issuer is located has undergone or will undergo major changes, which will have a significant adverse impact on the issuer's sustainable profitability;
(3) The acquisition or use of important assets or technologies such as trademarks, patents, proprietary technologies and franchise rights is at risk of major adverse changes;
(4) Its operating income or net profit in the latest year is heavily dependent on related parties or customers with significant uncertainties;
(5) The net profit in the latest year mainly comes from investment income outside the scope of consolidated financial statements;
(6) Other circumstances that may have a significant adverse impact on the issuer's sustainable profitability;
The purpose of developing GEM is to provide more convenient financing channels for SMEs and create a normal exit mechanism for venture capital. At the same time, it is also an important means for China to adjust its industrial structure and promote its economic reform. The second board market and the main board market have different investment targets and risk tolerance, and generally will not affect each other. Because of the internal relationship between them, it will promote the further development and growth of the main board market. For investors, the risk of GEM market is much higher than that of the main board market. Of course, the rewards may be much greater.