2. The official name of B shares is RMB special shares. It is a foreign-funded stock denominated in RMB, subscribed and traded in foreign currency, and listed and traded in China (Shanghai, Shenzhen) Stock Exchange. B-share companies are registered and listed in China.
3. Conditions for raising and establishing a company to issue domestic listed foreign shares (B shares):
The use of raised funds conforms to the national industrial policy; Comply with the provisions of the state on the establishment of fixed assets investment projects; Comply with the provisions of the state on the utilization of foreign capital; The total share capital subscribed by the promoters shall not be less than 35% of the total share capital to be issued by the company; The total investment of the promoters shall not be less than RMB 654.38+0.5 billion; The shares to be publicly issued to the public account for more than 25% of the total shares of the company; If the total share capital to be issued exceeds 400 million yuan, the proportion of shares to be issued to the society will reach more than 65,438+05%; The original enterprise that reorganized and established the company or the state-owned enterprise that is the main sponsor of the company has no major illegal acts in the last three years; The original enterprise that reorganized and established the company or the state-owned enterprise that is the main sponsor of the company has made profits continuously in the last three years.
4. An established joint stock limited company applying for issuing B shares by increasing its capital shall meet the following conditions:
The use of raised funds conforms to the national industrial policy; Comply with the provisions of the state on the establishment of fixed assets investment projects; Comply with the provisions of the state on the utilization of foreign capital; The shares previously issued by the company have been fully raised, and the purpose of the funds obtained is consistent with the purpose determined at the time of issuance, and the use efficiency of funds is good; The total net assets of the company shall not be less than RMB 654.38+0.5 billion; The company has no major illegal acts during the period from the previous issuance of shares to this application; The company has made continuous profits in the last three years; Companies established by the original enterprise reorganization or state-owned enterprises as the main sponsors can be counted continuously.