I. Basic conditions and general provisions for initial public offering of shares:

1. The issuer of the initial public offering shall be a joint stock limited company established in accordance with the law and existing for issuance;

2. The continuous operation time should be more than 3 years;

3. The registered capital has been paid in full;

4. The production and operation are legal;

5. The main business, senior managers and actual controllers have not changed significantly in the last three years;

6. Clear equity;

7. The issuer shall have complete asset independence, personnel independence, financial independence, institutional independence and business independence;

8. Issuers shall standardize their operations.

Two. The financial indicators of the issuer shall meet the following requirements:

1. The net profit in the last three fiscal years was positive, with an accumulated amount exceeding RMB 30 million. Net profit is calculated at the lower after deducting non-recurring gains and losses.

2. The net cash flow generated by operating activities in the last three fiscal years has accumulated more than RMB 50 million; Or the accumulated operating income in the last three fiscal years exceeds 300 million yuan.

3. The total share capital before issuance shall not be less than RMB 30 million.

4. Proportion of intangible assets (excluding land use right, breeding right and mining right, etc.). The net assets at the end of the latest 1 period are not higher than 20%.

5. There is no uncompensated loss at the end of the latest 1 period.

Three. Basic conditions and general provisions for non-public offering of shares by listed companies:

1. The issue price is not less than 90% of the average price of the company's shares in the 20 trading days before the pricing benchmark date;

2. The shares issued this time shall not be transferred within 12 months from the date of issuance;

3. The shares subscribed by the controlling shareholders, actual controllers and enterprises controlled by them shall not be transferred within 36 months;

4. The use of raised funds meets the requirements;

5. If the control right of listed companies changes due to this issuance, it shall also comply with other regulations of China Securities Regulatory Commission.

6. No more than 65,438+00 non-public offering targets;

7. If the issue target is overseas strategic investors, it shall be approved by the relevant departments of the State Council in advance.

Four, the securities trading rules mainly include:

1. Centralized bidding trading rules. Trading procedures include: opening a trading account; Entrusted sales; On-site bidding; Liquidation and transfer.

2. Block trading rules.

3. Financial futures trading rules-basic rules: margin trading rules; There is no debt settlement rule on that day; Mandatory liquidation rules; Mark-to-market rule day by day; Clearing member rules; Risk control rules.

Five, the role of securities investment funds:

1. The fund has broadened the investment channels of small and medium-sized investors;

2. Conducive to the stability and development of the securities market.

Conditions for changing fund managers with intransitive verbs:

"People's Republic of China (PRC) Securities Investment Fund Law" stipulates that in any of the following circumstances, the duties of the fund manager shall be terminated:

1. was disqualified from fund management according to law;

2. Dismissed by the fund share holders' meeting;

3. Dissolved, revoked or declared bankrupt according to law;

4. Other circumstances stipulated in the fund contract.

Seven. Responsibilities of the fund custodian:

1. Safely keep the fund property;

2. Open a fund account and a securities account of the fund property according to regulations;

3. Set up separate accounts for different fund assets under custody to ensure the integrity and independence of the fund assets;

4. Keep records, account books, statements and other relevant materials of fund custody business activities;

5. In accordance with the provisions of the fund contract and the investment instructions of the fund manager, timely handle the liquidation and settlement matters;

6. Handling information disclosure related to fund custody business activities;

7. To express opinions on the financial and accounting reports, interim and annual fund reports of the Fund;

8. Review the net asset value of the fund and the purchase and redemption price of the fund share calculated by the fund manager;

9. Convene a meeting of fund share holders as required;

10. Supervise the investment operation of fund managers as required;

1 1. Other duties specified by the State Council securities regulatory authority.

VIII. Costs of securities investment funds:

1. Fund management fee;

2. Fund custody fee;

3. Fund transaction fees-stamp duty, transaction commission, transfer fees, handling fee and securities management fee.

4. Fund operating expenses-audit fees, attorney fees, annual listing fees, information disclosure fees, dividend handling fees, holders' meeting fees, account opening fees, bank transfer fees, etc.

5. Fund sales service fee-payment of sales agency commission, fund manager's fund marketing advertising fee, promotion fee, holder service fee, etc.

Nine, the investment risk of the fund:

(1) market risk; (2) Managing ability risk; (3) technical risks; (4) Huge redemption risk.

X. Basic functions of financial futures:

(1) hedging function; (2) price discovery function; (3) Speculation function; (4) Arbitrage function.