Basic standards for Hong Kong stock listed companies

HKEx can be divided into main board market and growth enterprise market, with different listing requirements.

Main board listing requirements

Mainly to raise funds for companies with larger scale, better foundation and higher profits.

(1) The total profit in the first three years of listing (profit rate refers to the total profit) is 50 million Hong Kong dollars (it must reach 20 million Hong Kong dollars in the latest year);

(2) The market value at the time of listing must reach 1 100 million Hong Kong dollars;

(3) The minimum shareholding ratio of the public is 25% (if the market value of the issuer exceeds HK$ 4 billion, the minimum shareholding ratio can be reduced to10%);

(four) the three-year business record period must be operated under basically the same management and ownership;

(5) At the time of listing, there must be at least 65,438+000 shareholders, and every issue of HK$ 65,438+000 million must be held by at least 3 shareholders;

(6) Information disclosure: financial report twice a year;

(7) Underwriting arrangement: The public offering subscription must be underwritten in full.

Extended data:

Foreign requirements

Nasdaq

Nasdaq's listing requirements can be divided into the following three categories.

Requirements 1:

(1) Shareholders' equity reaches150,000 USD;

(2) The pre-tax income in the latest fiscal year or two in the last three years is $6,543,800+0,000;

(3) 165438+ ten thousand public shares;

(4) The value of public shareholding is $8 million;

(5) The purchase price per share is at least USD 5;

(6) At least 400 shareholders holding more than 100 shares;

(7) Three market makers (a market maker refers to a securities business legal person with certain strength and credibility as a chartered dealer in the securities market, who constantly declares the buying and selling price of a certain securities to public investors, makes two-way quotations and accepts the buying and selling requirements of public investors at this price, and trades securities with investors with their own funds and securities);

(8) Must meet the requirements of corporate governance.

Requirement 2:

(1) Shareholders' equity reaches USD 30 million;

(2) 165438+ ten thousand shares held by the public;

(3) The market value of public shareholding is $6,543,800+0,800;

(4) The purchase price per share is at least $5;

(5) At least 400 shareholders holding more than 100 shares;

(6) 3 market makers;

(seven) two years of business history;

(8) Must meet the requirements of corporate governance.

Requirement 3:

(1) The total market value is $75 million; Or the total assets and total income reached $75 million respectively;